However, it has recently been reborn as a luxurious destination for tourists and gamblers alike. The Ocean Resort Casino has had a long and troubled history dating back over 100 years. The casino reopened on June 28, 2018, becoming one of two new casinos in Atlantic City (the other being Hard Rock Hotel & Casino Atlantic City). Deifik invested over $200 million into renovations and rebranding of the property. In April 2018, Bruce Deifik purchased the property from Straub for $229 million and renamed it Ocean Resort Casino. Straub planned to reopen it as Revel Atlantic City but never did so due to disagreements with state regulators. In 2016, Icahn sold the property to Glenn Straub for $82 million. However, demolition was delayed due to environmental concerns. The property was sold to Carl Icahn, who planned to demolish it. Trump Plaza closed in 2014 after years of financial struggle. Trump Plaza opened in 1984 and was one of Trump’s most successful casinos. In 1976, the property was sold to Donald Trump, who demolished the existing buildings and constructed Trump Plaza Hotel and Casino. It was later sold and renovated before reopening as Ocean Resort Casino. The hotel and casino, located in Atlantic City, New Jersey, closed in 2014 after two years of operations due to financial difficulties. PRO TIP:Prior to its grand opening in June 2018, Ocean Resort Casino was known as Revel Casino Hotel.
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