Inside Atlantic City's brand-new Ocean Resort Casino Hotel
It has been a little over a week since Colorado businessman Bruce Deifik announced that he was selling Ocean Resort Casino in Atlantic City just six months after the property opened doors to the public, but the identity of its owner is still shrouded in mystery Ocean Resort Casino, formerly Revel, was launched in late June 2018 to great fanfare.
Deifik bought the Boardwalk resort from Florida businessman Glenn Straub in early 2018.
Despite his efforts to revel casino news june 2020 turn the property into a profitable business, Mr.
Ocean Resort Casino underperformed for read article greater portion of its first six months of operation, lagging behind its Boardwalk competitors.
Reports emerged earlier this month that the property would be handed to another owner and Mr.
Deifik revel casino news june 2020 those a few days later.
The businessman said that an outside company would take majority ownership of the hotel and revel casino news june 2020 resort and that he would retain a non-controlling interest.
Tenants who lease space at the resort have told the local news outlet that they operate and will operate revel casino news june 2020 usual until the identity of the new owner is revealed.
Officials commented by saying that it could take more than two weeks before information about the deal becomes public.
The deal will also need approval from the New Jersey Division of Gaming Enforcement.
Any filings with the two regulators will article source the name of the entity that is to assume ownership of the hotel and casino resort.
It is yet to be seen what direction the property will take with another entity at its helm and whether that new entity would be able to solve its problems.
Most recently, it emerged that there were two outstanding liens filed by contractors and subcontractors that had worked at the resort ahead of its opening, which could mean that among other things, the new owner will have to deal with some financial issues.
Author: Terry Davis holds a degree in Revel casino news june 2020, but it was after his graduation that he found casino industry growth 2020 real passion — writing.
Previously, he worked for a local news magazine.
CasinoNewsDaily is a media focused on providing daily news from the casino industry as well as in-depth gaming guides.
Our guides coverrevel casino news june 2020, and.
Kevin Stitt as they seek to have their gaming compacts.
Founded in 2014, CasinoNewsDaily aims at covering the latest news from the casino industry world.
We are focused on providing our readers with accurate news, reviews and in-depth guides.
Playing real money casino games carries high level of financial revel casino news june 2020 and may cause you financial problems.
Before you decide to play with real money you should carefully consider your budget, the legislation in your country and your level of experience.
If you have gambling addiction problems we recommend you to visit or and ask for help.
Revel Casino Officially Shuts Its Doors
Straub, Revel continue talks about $95M casino sale. February 18, 2015 09:. Glenn Straub's Revel Casino deal on verge of collapse. February 11, 2015 09: ...
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