The property, which opened in 2012 as Revel and closed two years later, is in the process of changing hands yet again. The Ocean Casino Resort, which until a few weeks ago was known as the Ocean Resort Casino, has greatly reduced its debt and will return to profitability in May, according to Eric Matejevich, the interim CEO managing the oceanfront property while an ownership transfer takes place.
A perennially challenged Atlantic City casino will finally turn a profit this month and chart the way forward under the ownership of a New York hedge fund.
