Bruce Deifik, the former owner of Ocean Resort Casino, died Sunday in Denver.
The Denver Office of the Medical Examiner confirmed Deifik's death Monday, but has yet to release information about the cause. A press release is expected from the coroner's office Monday afternoon.
Deifik and his company AC Ocean Walk LLC paid $229 million for Ocean Resort Casino in January 2018.
Deifik purchased the former Revel Casino Hotel from Florida real-estate developer Glenn Straub with a combination of financing from Luxor and J.P. Morgan Chase. The funding consisted of two bridge loans: $110 million from JPMorgan Chase Bank and $122.5 million from Luxor. The J.P. Morgan loan was repaid in June with a second loan from J.P. Morgan of $175 million.
Under Deifik's control the property reopened on June 27 after being closed for years. The $2.4 billion megaresort, which opened in 2012 and closed two years later before reopening in the summer of 2018, has struggled to gain a significant market share among Atlantic City’s nine properties.
Opening day of Ocean Resort Casino
Ocean Resort Casino, housed in the former Revel Casino Hotel, opened Thursday, June 28, 2018, to much fanfare, including a ribbon-cutting ceremony and celebrity appearances by actors Mark Wahlberg and Jamie Foxx.
Photo credit: PhotoGraphics
In January, Luxor Capital Group took over control of the property.
This story is developing. Check back for details.