"We are grateful for the wonderful team at JP Morgan and others that helped us on this eight month journey, and we would especially like to thank Atlantic City and the State of New Jersey for their hospitality, thoughtfulness and professionalism. Now the city has a number of exciting new projects with our property and the Hard Rock, as well as Stockton University's new campus and the expansion of the medical center," said Bruce Deifik, the Chairman of AC Ocean Walk. "We are incredibly excited that we were able to take advantage of the opportunity to acquire this tremendous property at a time when Atlantic City is seeing great economic strides. When fully operational, the property will provide between 2500-3000 jobs to Atlantic City, contributing greatly to the city's economic resurgence. AC Ocean Walk will begin work to ready the property for operation immediately, with plans to open in summer 2018. The property will be re-branded as the Ocean Resort Casino, giving a nod to the property's location on 20 acres along the famed Atlantic City Boardwalk, and the ocean views featured in its 1,399 rooms. – AC Ocean Walk announced that it acquired the former Revel Casino Hotel in Atlantic City for $200 million. Property to be re-branded Ocean Resort Casino.ĪTLANTIC CITY, N.J.
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