![]() ![]() ![]() In January 2018, the sale of the property was announced and it reopened as Ocean Resort Casino on June 27, 2018. Ocean Casino Resort in Atlantic City is promoting Bill Callahan to general manager, the property’s ownership group announced Monday. Īfter multiple struggles of reopening the properties and the anticipated opening dates being announced then delayed, the casino never opened to the public under the ownership of Straub. One of the property's tenants and new management of the property announced plans to reopen Revel under the name TEN. On April 7, 2015, Revel was sold to Polo North Country Club for $82 million. On November 19, Brookfield Management reneged on the deal. The vibe at Ocean has changed since it reopened in June 2018. The sale plan failed, and Revel was planned to be sold at a Septemauction to Brookfield Asset Management for $110 million. Ocean Resorts CEO Terry Glebocki, the only woman who is chief executive officer of an Atlantic City casino, has revamped the property. Later that month, on September 11, 2014, the casino reached a deal to sell itself to Glenn Straub's Polo North Country Club, a developer based in Florida, for $90 million, a fraction of the cost of construction. Ocean Resort Casino, seen from the boardwalk in 2020
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