On November 19, Brookfield Management reneged on the deal. The sale plan failed, and Revel was planned to be sold at a Septemauction to Brookfield Asset Management for $110 million. Later that month, on September 11, 2014, the casino reached a deal to sell itself to Glenn Straub's Polo North Country Club, a developer based in Florida, for $90 million, a fraction of the cost of construction. Revel was the third of four Atlantic City casinos to close in 2014. Revel opened on April 2, 2012, and after declaring Chapter 11 bankruptcy for the second time, closed on September 2, 2014.
It is notable for its white sphere structure atop its roof away from the Boardwalk, capable of displaying a wide variety of colors and designs thanks to the LEDs inside it. It is the northernmost casino on the Atlantic City Boardwalk, located on 20 acres (8.1 ha) of land, adjacent to the Showboat Hotel. Ocean Casino Resort (formerly Revel Casino Hotel Atlantic City) is a resort, hotel and casino in Atlantic City, New Jersey, United States. September 2, 2014 9 years ago ( ) (as Revel) Ocean Resort Casino, seen from the boardwalk in 2020Īpril 2, 2012 11 years ago ( ) (as Revel)
