ATLANTIC CITY, N.J. (AP) — Beginning its life as the star-crossed Revel, the Atlantic City casino now known as the Ocean Casino Resort had known little other than debt, bankruptcy and failure,...
ATLANTIC CITY, N.J. (AP) — A perennially challenged Atlantic City casino will finally turn a profit this month and chart the way forward under the ownership of a New York hedge fund.
ATLANTIC CITY, N.J. (AP) — Bruce Deifik, the Colorado developer who lost a fortune running a struggling Atlantic City casino for six months, was killed in a single-car crash in Denver. He was...
ATLANTIC CITY, N.J. (AP) — As a star-crossed Atlantic City casino changes hands yet again, only one owner has ever profited from it — the one who never had it open for even a day.
The Ocean Resort Casino, formerly known as Revel, is being taken over by a New York hedge fund, having run short of money yet again. Figures released Wednesday by state regulators show the property is in much worse financial condition that had previously been known publicly, losing money every month since September.
ATLANTIC CITY, N.J. (AP) — Atlantic City's newest casinos threw open their doors to gamblers Wednesday — a day earlier than scheduled.
The previously shuttered Hard Rock and the Ocean Resort Casino were supposed to open Thursday, but both received permission Wednesday afternoon from the New Jersey Division of Gaming Enforcement to begin full operations, and both immediately started letting gamblers inside.
Both properties still plan elaborate grand openings Thursday.
ATLANTIC CITY, N.J. (AP) — A Denver developer and New Jersey gambling regulators made a big bet Thursday on the future of Atlantic City and a casino that flopped four years ago, granting a casino license to the Ocean Resort Casino a week before it is due to reopen.
ATLANTIC CITY, N.J. (AP) — The owner of Atlantic City's Ocean Resort Casinos promised to "surprise the world" when the former Revel casino reopens next week.
And the surprises began Wednesday when the casino's executives unveiled some optimistic financial projections that would see it do better than established casinos including Tropicana, Harrah's and Caesars, at levels Revel could only have dreamed.
ATLANTIC CITY, N.J. (AP) — For months, there was little, if any, sign that Atlantic City's former Revel casino, a $2 billion bust, was getting ready to reopen.
Colorado developer Bruce Deifik bought it in January and made plans for its reincarnation as the Ocean Resort Casino. But there was scant activity visible on the site.