“When we got here, the place was like, ‘How do we not spend money and just get through and not close?’”īut under new ownership, it has turned itself around, seeing its in-person gambling revenue increase from $215 million in 2019 to $306 million last year.

“This is a $2.5 billion asset, and it was being run like a $110 million property,” Callahan said. Revel opened in 2012, and closed after little more than two years of operation, massive losses and two bankruptcy filings.Įven the early days of Ocean were touch-and-go. We are confident in Bill’s ability to lead Ocean forward as we become the premier gaming destination in Atlantic City.” “He has been an integral part of enhancing the guest experience across the property, while helping to build the best hospitality team in the market.

“Bill is a 25-year veteran of the gaming industry who has done a great job since joining the team at Ocean,” said Bruce Dall, president of OCRM, LLC, the new entity encompassing Ocean’s ownership.

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