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The property was sold to a Colorado development company for 0 million and will reopen in the summer of 2018. borgata nj casino online (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. 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. 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. Currently there are seven large casinos in AC, and some have expressed doubts about the realities of increased competition.

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