There may finally be a light at the end of the tunnel for the closed Revel/Ten (“Ten”) casino hotel in Atlantic City. After being purchased in 2015 by Glenn Straub, it finally may open. Recently, Colorado investor based TEN RE ACNJ, run by Colorado-based businessman Bruce Deifik, purchased the Ten from Straub. They are expected to invest more than $375 million to buy and reopen it, according to a report from Moody’s Investors Service detailing the deal’s proposed financing (see link). According to the report, AC Ocean Walk LLC which is majority owned by TEN RE ACNJ will pay $200 million for the property and invest an additional $175 million. The property is expected to reopen in May 2018.