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Mr. Deifik, who took more than the failed Revel final year to reopen it as Ocean Resort Casino, has died in a fatal auto accident

Colorado businessman Bruce Deifik has died in a auto crash, news emerged this previous Monday. The reopening of the shuttered Revel casino as Ocean Resort Casino was amongst Mr. Deifik’s most recent small business endeavors.

The businessman’s lawyer, Paul O’Gara, told The Linked Press that Mr. Deifik died in a single-auto crash Sunday evening even though he was driving property from a Colorado Rockies game in Denver, his hometown.

A Denver-primarily based health-related examiner confirmed that an autopsy of the businessman’s physique has been concluded. Outcomes have been nonetheless pending at press time. The lead to of the crash is becoming investigated and the health-related examiner is taking into consideration the possibility that Mr. Deifik could have suffered a health-related crisis even though driving his auto.

Commenting on the Denver businessman’s dead, a spokesperson for Ocean Resort Casino mentioned in a statement that they “are saddened to find out that Bruce Deifik, the former owner of Ocean Resort Casino, has passed away.” The statement went on that the “Ocean household is grateful for Bruce obtaining the vision to re-open this wonderful oceanfront house and employing more than three,000 members of our neighborhood.”

Mr. Deifik’s Casino Endeavor

Mr. Deifik took more than the failed Revel casino from Florida actual estate developer Glenn Straub in January 2018. The Colorado businessman paid $200 million for the shuttered Boardwalk resort and invested one more $200 million to materialize his vision of reopening the house and turning it into a well-liked hub for vacationers and casino gamblers.

The re-imagined Ocean Resort Casino opened doors in June 2018. The resort’s new owner promised to find out from the errors of its prior proprietors and introduce a notion that would be extra oriented toward mass industry guests. The former Revel was advertised as a higher roller house in the course of its quick existence. The resort initially launched in 2012 to close doors only two years later.

Regardless of the multi-million investment, Ocean Resort Casino immediately started hemorrhaging revenue and fell beneath the minimum essential liquidity levels shortly right after its opening. Reports about Mr. Deifik hunting for purchasers of the underperforming house initially emerged in December. The sale of the casino resort was confirmed in January.

Mr. Deifik was in the method of handing his majority ownership to New York-primarily based hedge fund Luxor Capital Group just before his death.

The businessman was the President and Chief Executive of Integrated Properties Inc., which owned extra than 100 industrial properties in 5 US states, such as extra resorts and retail and workplace buildings.

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