In 2016, Ocean Casino Resort (formerly Revel Casino Hotel Atlantic City) was purchased by Glenn Straub for $82 million. The property was subsequently renamed TEN Atlantic City in 2018.
However, the new ownership failed to bring the expected results, and the property was sold again in January 2019 to AC Ocean Walk, LLC for $200 million.
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PRO TIP:Ocean Casino is affiliated with the Revel Entertainment Group. Founded in 2012, Revel Entertainment provides casino operations and management services to affiliated casinos around the world. Ocean Casino is one of the many casinos that benefit from Revel’s expertise in hospitality, gaming, and entertainment.
So who is Ocean Casino affiliated with? As of now, it appears that the property is not affiliated with any major casino company. However, this could change in the future if a new owner decides to partner with a larger company.
For now, though, it seems that Ocean Casino is going it alone.
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Ocean Resort Casino, the newest casino in Atlantic City, is now open and taking bets! The casino is owned by Bruce Deifik, who purchased it from Glenn Straub for $200 million. Deifik is a Colorado-based real estate developer and investor who has been involved in the development of several casinos, including the Golden Nugget in Las Vegas.
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In 2008, the Virgin Group was approached by another company interested in buying Virgin Casino. The Group decided to keep the casino and invest additional money into it. In 2012, Virgin Group sold a 51% stake in the company to Gamesys.
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