Atlantic City’s Ocean Resort Casino is changing hands after just six months of operation. The property formerly known as Revel is being acquired by an outside company that will make a major investment into it. The new owner will make a $70 million investment in Ocean Resort, which plans to remain open.
The new owner would need to be licensed by state gambling regulators and its identity made known before that. Bruce Deifik, the current owner and his family will retain a small, non-controlling ownership interest in the property.
“It has been truly an honour for myself and my family to have taken this property, opened its doors and brought back the players, the families, the convention guests and the sports betting enthusiasts,” Deifik said. “My family and I want to thank the 3,000-plus employees at Ocean for their tireless work to bring our property to life and put it on track to become the best gaming property in New Jersey. If approved and closed, this next round of investment into Ocean will put this property on an exciting path to growth.”