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The property was sold to a Colorado development company for 0 million and will reopen in the summer of 2018. (Image: Danny Drake/Press of Atlantic City)Colorado developer Bruce Deifik announced Monday that his company paid 0 million for the shuttered property. He’s convinced he can make it a winner, despite heavy competition from other resorts and a less-than-amazing past for the venue. wild diamonds casino game Picture Of A Casino Roulette Wheel Ljjx The CEO and president of Integrated Properties plans to renovate the property, change the name to Ocean Resort Casino, and open up in Summer 2018. casino events That’s the same time the former Trump Taj Mahal, now being rebranded by the Hard Rock, is expected to complete its 0 million renovation and open its doors to the public. jackson rancheria casino login Currently there are seven large casinos in AC, and some have expressed doubts about the realities of increased competition. Colin Mansfield, a director at Fitch Ratings and a leading gaming industry analyst, told the Press of Atlantic City that a another new casino will put the revenues of those currently operating in jeopardy. “There is a healthy level of profitability when it comes to gross gaming revenues,” Mansfield saidclearwater casino halloween. “The market is in a good spot. mgm grand hotel casino expedia

The introduction of two [new] properties is not great for Atlantic City. ”AC Mayor Frank Gilliam disagrees, telling the media outlet that this is a positive step in its economic recovery. “It’s like having Christmas in January,” he told POAC. liberty 7 slots on youtube “This is a sign to the market that Atlantic City is well on her way back to the prominence that she once had. is the lotus hotel and casino real ”SCOTUS Ruling Will Be Crucial for SuccessDeifik, who used to be president and CEO of the Las Vegas-based Greenspun Corporation, said his organization is going to sink 5 million into Ocean Resort Casino, making several changes that should prove to be successful. One is the opening of a race and sports book.