The casino will employ 2,500 to 3,000 people and feature a gambling area with 100 table games and 2,200 slot machines, the company said. April: Days after the Revel’s sale, its electricity provider cuts off power because of a dispute with Straub. , picks up on the troubled tenure of Wellington, Fla. “We are incredibly excited that we were able to take advantage of the opportunity to acquire this tremendous property at a time when Atlantic City is seeing great economic strides,” Deifik said in the release. 2018 January 8: Las Vegas property veteran Bruce Deifik announces that he purchased the still-shuttered former Revel from Straub. South Florida developer Glenn Straub offers $90 million. His current company, Integrated Properties, is the principal owner and managing partner of AC Ocean Walk, according to the venture’s Monday release.
Atlantic City gaming interests are also awaiting a decision from the U. , through the Great Recession in one of the nation’s hardest real estate markets. “Atlantic City is coming back with a vengeance. Next to the former Revel is the Showboat Atlantic City, a former casino that maintains a nearly empty ground floor of vacant gaming rooms behind hanging screens, even as the upstairs hotel rooms accommodate guests. 2014 August: The first bankruptcy auction fails to generate qualified bids. Polo North said it retains more than 60 other area properties after the casino sale and “will move forward and be a spark for catalyzing positive economic movement in Atlantic City. CHARLES FOX / Staff Photographer Only a few lights are on at Revel on April 29, 2015.
, the property-development division of Henderson, Nev casino dating. 4 billion, the resort has been vacant since September 2014, when it closed due to financial troubles after operating for only 2½ years. The rating agency’s report was tied to Deifik’s plan to borrow about $255 million to put toward acquisition and renovation costs... His Atlantic City venture, AC Ocean Walk, paid $200 million for the property, with plans to reopen it this summer with 1,399 rooms as the Ocean Resort Casino, according to an online release posted later Monday casino dating. September: Straub renames Revel as TEN, with a new reopening date of early 2017. ..