| Ocean Casino Resort | |
|---|---|
 | |
 Ocean Resort Casino, seen from the boardwalk in 2020 | |
| Location | Atlantic City, New Jersey, U.S. |
| Address | 500 Boardwalk |
| Opening date | April 2, 2012 (as Revel) June 27, 2018 (as Ocean) |
| Closing date | September 2, 2014 (as Revel) |
| Theme | Ocean, Underwater environment |
| No. of rooms | 1,900 |
| Total gaming space | 130,000 sq.ft. |
| Owner | Luxor Capital Group[1] |
| Architect | Arquitectonica |
| Previous names | Revel Atlantic City |
| Website | www |
Ocean Casino Resort (formerly Revel Casino Hotel Atlantic City) is a resort, hotel and casino in Atlantic City, New Jersey, United States. It is the northernmost casino on the Atlantic City Boardwalk, located on 20 acres (8.1 ha) of land, adjacent to the Showboat Hotel. It is notable for its white sphere structure atop its roof away from the Boardwalk, capable of displaying a wide variety of colors and designs thanks to the LEDs inside it. Revel opened on April 2, 2012, and after declaring Chapter 11 bankruptcy for the second time, closed on September 2, 2014. Revel was the third of four Atlantic City casinos to close in 2014.
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. The sale plan failed, and Revel was planned to be sold at a September 30, 2014 auction to Brookfield Asset Management for $110 million. On November 19, Brookfield Management reneged on the deal.[2] On April 7, 2015, Revel was sold to Polo North Country Club for $82 million.[3] One of the property's tenants and new management of the property announced plans to reopen Revel under the name TEN.[4]
After 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. In January 2018, the sale of the property was announced[5] and it reopened as Ocean Resort Casino on June 27, 2018.[6]
- ^ David Danzis (29 January 2019). "New York-based hedge fund takes control of Ocean Resort Casino". Press of Atlantic City. Retrieved 30 January 2019.
- ^ John Brennan (26 March 2015). "N.J. real estate titan and a Manhattan developer preparing bid for bankrupt Revel casino, source says". NorthJersey.com. Archived from the original on 2015-05-12. Retrieved 14 December 2016.
- ^ Reuben Kramer (8 April 2015). "Revel Casino Hotel sold to Straub's company". Press of Atlantic City. Retrieved 14 December 2016.
- ^ Amy S. Rosenberg (19 September 2016). "Revel casino gets total rebrand as 'TEN'". philly.com. Retrieved 14 December 2016.
- ^ Christopher Palmeri (January 8, 2018). "Atlantic City's Failed Revel Casino Sells for $200 Million". bloomberg.
- ^ "Atlantic City Hard Rock, Ocean Resort open early". 28 June 2018.