An undisclosed company has acquired the Atlantic City venue, which will change hands after six months of operation.
US.- The Atlantic City Ocean Resort only opened back on June 28 but it’s already switching hands. Current owner Bruce Deifik announced he’s selling the property to a new company which is set to invest US$70 million in the gaming venue, yet he didn’t disclose its name.
Though the deal will soon be executed, the new owner still needs to get licensed by US regulators, which is why its identity will soon be revealed.
“It has been truly an honor for myself and my family to have taken this property, opened its doors and brought back the players, the families, the convention guests and the sports betting enthusiasts,” Deifik said. “My family and I want to thank the 3,000-plus employees at Ocean for their tireless work to bring our property to life and put it on track to become the best gaming property in New Jersey. If approved and closed, this next round of investment into Ocean will put this property on an exciting path to growth.”
“Moving forward, hopefully with further investment, (the new owner) will bring a new vision, not only to make the Ocean Resort sustainable, but profitable as well,” Atlantic City Council President Marty Small said.
Mr Deifik had acquired the former Revel casino just over a year ago and had stated he believed they had fixed what went wrong during the former administration. However, it seems business didn’t go as planned since he’s about to get rid of it already.