Ocean Resort Casino

Ocean Resort Casino

Wikipedia:

Ocean Casino Resort (formerly Revel Casino Hotel Atlantic City) is a resort, hotel and casino in Atlantic City, New Jersey, United States. It is the northernmost casino on the Atlantic City Boardwalk, located on 20 acres (8.1 ha) of land, adjacent to the Showboat Hotel. Revel opened on April 2, 2012, and after declaring Chapter 11 bankruptcy for the second time, closed on September 2, 2014. Revel was the third of four Atlantic City casinos to close in 2014.

Later that month, on September 11, 2014, the casino reached a deal to sell itself to Glenn Straub’s Polo North Country Club, a developer based in Florida, for $90 million, a fraction of the cost of construction. The plans fell through, and Revel was planned to be sold at a September 30, 2014 auction to Brookfield Asset Management for $110 million. However, on November 19, Brookfield Management backed out of the deal.[2] On April 7, 2015, Revel was sold to Polo North Country Club for $82 million.[3] One of the property’s tenants and new management of the property announced plans to reopen Revel under the name TEN.[4]

After multiple struggles of reopening the properties and the anticipated opening dates being announced then delayed, the casino never opened to the general public under the ownership of Straub. In January 2018, the sale of the property was announced[5] and it reopened as Ocean Resort Casino on June 27, 2018.[6]

Leave a Reply

%d bloggers like this: