Owner of Ocean Resort Sells Casino to Outside Company

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ATLANTIC CITY, N.J. -

Atlantic City's recently opened Ocean Resort Casino is changing hands after just six months of operation.

The property formerly known as Revel is being acquired by an outside company that is expected to make a major investment into it.

Current owner Bruce Deifik says the new company will assume majority ownership of the casino, but he would not identify the new owners.

He did say the new owner will make a $70 million investment into Ocean Resort, which plans to remain open.

Ocean Resort was one of two formerly shuttered casinos that reopened on the same day last June, along with Hard Rock.

In its first incarnation as Revel, the $2.4 billion casino lasted a little more than two years before closing in 2014.

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