![]() ![]() ![]() In January 2018, the sale of the property was announced and it reopened as Ocean Resort Casino on June 27, 2018. ATLANTIC CITY A New York hedge fund said Tuesday it is selling as much as half its ownership of Atlantic City’s Ocean Casino to the Ilitch family, which owns professional sports teams. (AP) The owners of Atlantic City’s Ocean Casino Resort appointed its interim CEO on Monday as its permanent leader, and he quickly set a daunting challenge for himself and his employees: to become Atlantic City’s top casino. Īfter multiple struggles of reopening the properties and the anticipated opening dates being announced then delayed, the casino never opened to the public under the ownership of Straub. One of the property's tenants and new management of the property announced plans to reopen Revel under the name TEN. On April 7, 2015, Revel was sold to Polo North Country Club for $82 million. On November 19, Brookfield Management reneged on the deal. The sale plan failed, and Revel was planned to be sold at a Septemauction to Brookfield Asset Management for $110 million. Later that month, on September 11, 2014, the casino reached a deal to sell itself to Glenn Straub's Polo North Country Club, a developer based in Florida, for $90 million, a fraction of the cost of construction. Ocean Resort Casino, seen from the boardwalk in 2020 ![]()
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