gaming

Ocean Resort Casino Receives Gaming License

The Casino Control Commission grants Bruce Deifik, owner of Ocean Resort Casino in Atlantic City, a gaming license, a week before the 5.3-million-square-foot resort is scheduled to open on June 28, the same day the Hard Rock Hotel & Casino Hotel will open.

Deifik bought the property, the former $2-billion Revel Casino, from Florida developer Glenn Straub for $200 million. Straub acquired the site for $82 million while it was in bankruptcy.

Deifik, a Colorado real estate developer, made an initial $10 million investment inĀ the property without ever visiting Atlantic City, later putting in $70 million of his own equity. He then made $35 million in renovations at the resort, which offers 1,399 guestrooms, 130,000 square feet of gaming space, including some 2,000 slot machines, more than 100 table games and eight poker tables. Deifik plans to add another 600 rooms at the casino on 12 unfinished floors.

The casino will also have a 7,500-square-foot sports book, operated by William Hill US, which is expected to open in six weeks. Sports betting will be available on opening day at a temporary facility. Internet gaming, through partner GAN, is expected to be offered beginning July 1.

Ocean Resort Casino in Atlantic City will employ some 3,300 people.

To access more business news, visitĀ njbmagazine.com

Related Articles: