![]() ![]() ![]() The owners had little other option available than to sell the casino for $82m to the Polo North Country Club in 2015. The planned buyer was Brookfield Asset Management, but it too pulled out of the $110m deal. However, the deal fell through and the casino was put up for auction instead. There was a deal on the table to quickly sell off the resort for $90m, which would have been a massive loss. But Ocean’s was the most high-profile bankruptcy of them all. Three other casinos closed down in 2014 alone. It closed in September 2014, when its then owners filed for Chapter 11 bankruptcy.Ĭasinos in Atlantic City were seriously struggling at that time. The Ocean Resort Casino in Atlantic City, on the famous Boardwalk, initially opened its doors for business in April 2012, operating as the Revel Casino Hotel Atlantic City. The buyer is planning to invest $75m in the resort’s facilities.A mystery buyer has now taken control of the resort.Ocean Resort Casino reopened in June after almost four years of closure. ![]()
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