After many false starts, the former Revel Casino has officially been sold. The new owner is Colorado developer Bruce Deifik, who purchased the property from Glenn Straub for $200 million.

Straub bought the property for $82 million in 2015.

No official opening date has been confirmed, but Deifik has stated that he plans to re-open the casino by this summer. The new name will be Ocean Resort Casino.

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