Revel's sale was finalized Thursday afternoon, during a blizzard, a fitting development for a project with a turbulent history. Deifik called the purchase 'a dream come true.'īut the news raises a sobering question for a gambling resort that only recently regained its equilibrium following the shutdown of five of its 12 casinos: Might the sudden reintroduction of two large casinos create the same conditions that led to the wave of shutdowns in the first place? The former Revel will be called the Ocean Resort Casino. He plans to reopen it this summer, around the same time the former Trump Taj Mahal casino will reopen nearby under the Hard Rock brand. Atlantic City's most spectacular casino flop is getting another chance under new ownership and a new name.Ĭolorado developer Bruce Deifik said Monday he had purchased Atlantic City's former Revel casino hotel from Florida businessman Glenn Straub for $200 million.
