The transaction is expected to be finalized Thursday. The new owner will make a $70 million investment in Ocean Resort, which plans to remain open. The property formerly known as Revel is being acquired by an outside company that will make a major investment into it.ĪTLANTIC CITY, New Jersey - Atlantic City's Ocean Resort Casino is changing hands after just six months of operation, the latest indication that the New Jersey seaside resort may have bitten off more than it can chew when it reopened two shuttered casinos last summer.īruce Deifik, the current owner, would not identify the new company, which would assume majority ownership of the casino.
