![]() Straub bought it for $82 million from bankruptcy court, but fought with state officials over whether he needed a casino license.ĭeifik says it will be renamed the Ocean Resort Casino. It cost $2.4 billion to build, and closed after just over two years. Revel was Atlantic City’s most spectacular casino flop. A Colorado developer has purchased Atlantic City’s former Revel casino hotel, and plans to reopen it this summer.īruce Deifik tells The Associated Press he paid $200 million to Florida developer Glenn Straub for Revel, which has been shuttered since September 2014. A Colorado developer has paid $200 million for Revel and will reopen the property under the name of Ocean Resort Casino. Atlantic City's Revel Casino Hotel cost $2.4 billion to build and was closed after two years.
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