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Ocean Hotel Casino Transferred to a Brand-new Owner one year after Former Sale

Ocean Hotel Casino is actually changing fingers amid serious reports that it really is threateningly alongside facing a duplicate of the previous economic woes

The exact property’s latest owner, Colorado-businessman Bruce Deifik, confirmed Sunday that the property or home was in the process of being invested in by another investor merely six months once its cutting open and less than a year subsequently after being grabbed by Mister. Deifik their self.

The unnamed investor plans to proper $70-million regarding property restorations to help the particular resort supercharge its general performance, which has been under satisfactory since its launch. River will use the actual funds to spread out a new buffet, add locations and fits, and improve its modern casino floor.

The deal needs credit from New Jersey gaming government bodies. If it obtains the necessary permission, the property’s new holder and further information regarding their plans for its future will be exposed. Mr. Deifik will preserve a non-controlling interest inside Ocean following sale is normally finalized.

Ocean Resort Modern casino was one of two casino major resorts to open entrance doors on the unbelievable Atlantic City Boardwalk on June 20, the other being the former Trump Taj Mahal, now Hard Rock Lodge & Internet casino Atlantic Metropolis. However , River, formerly Revel, failed to satisfy its challenges and a gaming profit remained at the bottom in the city’s gaming pack.