By Amanda Hoover | NJ Advance Media for NJ.com

The Ocean Resort Casino, the latest to hit Atlantic City amid a rush of ocean-front redevelopment, has announced plans to open Thursday, June 28. 

The resort's new owner took over the space in January, working with the bones of the failed Revel casino, which closed almost four years ago after suffering financial hardship and receiving criticism from customers. 

Like the Hard Rock Hotel & Casino (which plans to open down the street the very same day), the Ocean Resort has made promises to bring world-class entertainment as well as thousands of jobs back to the languishing Atlantic City Boardwalk. 

Here's what you need to know about the new -- and reportedly improved -- resort. 

The resort will take over the shuttered Revel casino along the northern end of the boardwalk. 

The building, still under renovation, is the tallest in Atlantic City, standing 60 stories and 710 feet tall. It sits on 20 acres of beachfront property at 500 Boardwalk. 

The Revel opened in 2012, but closed just two years later after declaring bankruptcy for a second time. Guests complained that the setup had a confusing layout, required two night stays, prohibited smoking and favored high-end guests. 

Florida real estate developer Glenn Straub purchased the property for $82 million in 2015, getting a steal on the resort that cost $2.6 billion to construct. He planned to launch a casino called TEN, but various licensing and zoning regulations stalled the re-opening, until he eventually quit jumping through what he saw as bureaucratic hoops and sold it to Deifik earlier this year. 

Bruce Deifik, a Colorado-based real estate developer, bought the property earlier this year for $200 million. 

He is president and CEO of Integrated Properties Inc. The company owns 103 commercial properties in five states, including the Hyatt Grand Champions Resort in Palm Springs, Calif., and several office and retail centers around Denver and Phoenix. In January, he called the purchase "a dream come true," and said he intended to learn from and avoid the pitfalls that left the Revel strapped for cash. 

Diefik told the Associated Press last month the casino wouldn't open until it is absolutely ready. 

"She doesn't have that luxury of being able to make a mistake without people saying, 'Aha!'" he said. "I think everybody is looking to find fault; I'm going to make sure that's not going to be the case."

Apparently, that day will be June 28. 

The space will host a 138,000-square-foot luxury casino that hopes to cater to both guests staying in the luxury accommodations and day trippers, something the Revel failed to do while courting high-end clientele.