![]() It remained closed under the ownership of Florida developer Glenn Straub, who sold it to Deifik in January 2018.ĭeifik reopened it under a new name last June, but quickly ran out of money once the busier summer months ended. Revel went bankrupt twice, never came close to turning a profit, and shut down in September 2014. Original investors Morgan Stanley pulled out before it was halfway finished, taking a $1 billion loss. The property’s history has not been a good one. The exact numbers will be released by state regulators later this month. It’s a small sample size, but encouraging nonetheless: the casino won more from customers at slot machines this April than in any previous month, and recorded its second-highest hotel occupancy rate. “We’ve largely eliminated losses at the property and we are making a major effort to reintroduce this place to people.” “In a lot of ways, we’re going faster than we had imagined we could,” Matejevich said. ![]()
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