Luxor Capital Group to Own Majority Stake in Ocean Resort Casino
After only about a year under new ownership the Ocean Resort Casino in Atlantic City is changing hands yet again. After weeks of rumblings that control of the property was …
LATEST NEWS
Atlantic City’s Revel Casino Sold to Denver Developer, Will Reopen as Ocean Resort Casino
Is it possible that Atlantic City is in the midst of a revival, and doing so without changing its name to Bitcoin Atlantic City? This week, Denver’s Bruce Deifik confirmed …
Revel Sale Nearly Dead
Another chapter in the sad saga of the albatross that is the Revel Atlantic City casino was written this week, as attorneys for the property and its potential buyer were …
Atlantic City Finances Patched by Casino Tax-Lien Payments
The short-term financial needs of struggling casino destination Atlantic City, New Jersey, have been patched for the short term by tax lien payments for three of the city’s casinos, two …
Revel Buyer Pulls out of Deal for Atlantic City Casino
In shocking news out of Atlantic City yesterday, the Press of Atlantic City reported that the deal which would have Brookfield US Holdings LLC purchased the Revel Casino-Hotel has fallen …
Revel Sale Approved by Bankruptcy Judge
Boy, would it have been interesting to see Glenn Straub own the Revel. But alas, it looks like that is not to be. On Tuesday, Chief U.S. Bankruptcy Judge Gloria …
Atlantic City’s Revel Casino Hotel Sells for $110 Million at Auction
If someone paid me $110 million for anything I owned, perhaps even one of my children (not both – I’m not a monster), I would be ecstatic. The owners of …
Revel Auction Pushed to September 30th
The Revel Casino Hotel on Atlantic City’s ever-more-depressing Boardwalk will be sold to somebody. Just not this week. And according to a report from The Press of Atlantic City, the …
Atlantic City’s Revel Casino Hotel Receives $90 Million Bid
There has been a lot of news lately surrounding the awfulness that is Atlantic City and today, there’s more. In actuality, this news is somewhat decent. No, Atlantic City is …
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