Commercial

Colorado group acquiring shuttered Atlantic City hotel-casino, report says

The owner of the long-shuttered Revel resort hotel and casino in Atlantic City, New Jersey, is denying any knowledge of the sale of his boardwalk property, but a report says records filed in Atlantic County show the property is about to trade hands.

The Press of Atlantic City reports the Revel, which was rebranded as Ten under current owner Glenn Straub, is selling to a group called AC Ocean Walk LLC, which leads back to the Colorado-based Ten RE ACN.

That firm is led by Bruce Deifik, of Denver-based Integrated Properties Inc. The Press of AC says Deifik did not respond to messages about the transaction.

Read Article at BizJournals.com

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