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Moody’s Investors Service said in a research note last month that the group plans to spend 5 million to ready the property for guests.

Built at a cost of .4 billion, the resort has been vacant since September 2014, when it closed due to financial troubles after operating for only 2½ years.

Deifik said in an interview that he closed on the failed 47-story casino resort last week.

His Atlantic City venture, AC Ocean Walk, paid 0 million for the property, with plans to reopen it this summer with 1,399 rooms as the Ocean Resort Casino, according to an online release posted later Monday.

His company, Polo North Country Club Inc., said in a separate release that he had acquired the resort “to keep and not sell.” He blamed “New Jersey’s buddy system” for the failure to realize his plans for the site.

Polo North said it retains more than 60 other area properties after the casino sale and “will move forward and be a spark for catalyzing positive economic movement in Atlantic City.” Deifik comes to Atlantic City after a career that included steering American Nevada Co., the property-development division of Henderson, Nev.-based Greenspun Corp., through the Great Recession in one of the nation’s hardest real estate markets.

'In fact, the Golden Nugget designed and built an Asian gaming area and restaurant to specifically attract Asian guests to the casino.

“The rising tide can lift everybody, as long as the market expands,” he said Deifik, now president and chief executive of Denver-based Integrated Properties Inc., picks up on the troubled tenure of Wellington, Fla.-based developer Glenn Straub, who bought the Revel out of bankruptcy for million in April 2015.

Less than a mile and a half down the Boardwalk, the Trump Plaza Hotel & Casino remains an empty deteriorating hulk, while many of the storefronts at Caesars Atlantic City Hotel & Casino’s former shopping pier, now called the Playground, remain vacant.

Still, the plans to reactivate the former Revel come amid a spate of upbeat developments for the seashore town, including the scheduled reopening this summer of the former Trump Taj Mahal as the Hard Rock Hotel & Casino and the ongoing construction of a new residential campus in the city for Stockton University.

When he answered, he was rushed by four Golden Nugget employees who pinned him against the wall and searched him and his belongings, according to his lawsuit.

'The Golden Nugget values all of its customers and would never discriminate against anyone, including the Asian community,' it said in a statement.

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