Deifik and his family will retain a small, non-controlling ownership interest in the property.

The new owner would need to be licensed by state gambling regulators and its identity made known before that. 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.īruce Deifik, the current owner, would not identify the new company, which would assume majority ownership of the casino. on January 10, 2019.ĪTLANTIC CITY (WPVI) - 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.

Sharrie Williams reports during Action News at 4 p.m. Ocean Resort Casino changing hands after just 6 months.