The former Revel will be called the Ocean Resort Casino. He plans to reopen it this summer, around the same time the former Trump Taj Mahal casino will reopen nearby under the Hard Rock brand. Atlantic City's most spectacular casino flop is getting another chance under new ownership and a new name.Ĭolorado developer Bruce Deifik said Monday he had purchased Atlantic City's former Revel casino hotel from Florida businessman Glenn Straub for $200 million.