Ocean Vacation resort Casino Handed down to a Brand new Owner yearly after Recent Sale

Ocean Vacation resort Casino Handed down to a Brand new Owner yearly after Recent Sale

Ocean Location Casino is certainly changing possession amid consistent reports that it really is threateningly out there facing a recurring of it is previous financial woes

Often the property’s ongoing owner, Colorado-businessman Bruce Deifik, confirmed Wed that the property or home was in the being obtained by the outside investor only six months once its beginning and less than the usual year soon after being possessed by Mr.. Deifik him self.

The un named investor plans to inject $70-million just for property improvements to help typically the resort develop its functionality, which has been under satisfactory since its launch. Marine will use the exact funds to open a new buffet, add bedrooms and packages, and improvement its internet casino floor.

Package needs agreement from New Jersey gaming regulators. If it will get the necessary go-ahead, the property’s new proprietor and further info on their blueprints for its potential will be disclosed. Mr. Deifik will preserve a noncontrolling interest inside Ocean as soon as the sale is definitely finalized.

Marine Resort Internet casino was one of two casino lodges to open gates on the renowned Atlantic Locale Boardwalk about June 27, the other getting the former Overcome Taj Mahal, now Very hard Rock Inn & Betting house Atlantic Location. However , Ocean, formerly Revel, failed to stay informed about its challenges and a gaming sales revenue remained nearby the bottom in the city’s betting pack.