![]() ![]() In January 2018, the sale of the property was announced and it reopened as Ocean Resort Casino on June 27, 2018. 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. The new owner would need to be licensed by state. The transaction is expected to be finalized Thursday. On April 7, 2015, Revel was sold to Polo North Country Club for $82 million. The new owner will make a 70 million investment in Ocean Resort, which plans to remain open. 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 ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |