Luxor authorized to operate Ocean Resort Casino in.

In recent news, New Jersey gaming regulators agreed to a complicated deal that will allow Luxor Capital Group (LCG) to assume the majority of Ocean Resort Casino (ORC) in Atlantic City. According to a report released last Wednesday, the states Casino Control Commission (CCC) approved LCG to increase their stake in ORC by 49%, giving them near full ownership.

Luxor capital ocean resort casino

Tag: Ocean Resort Casino. Luxor Capital Group to Run Ocean Casino Resort Atlantic City. Elaine West-August 13, 2019. 0. Legislation. Casino and Sports Betting Bills Approved in Virginia. March 10, 2020. New York Court Declares Fantasy Sports Contests Illegal. February 7, 2020. Credit Card Gambling Banned in the United Kingdom. January 14, 2020. Ups and Downs of United States Sports Betting as.

Luxor Capital to Assume Control of Atlantic City's Ocean.

ATLANTIC CITY, N.J. — A New York hedge fund that lent money to Atlantic City’s Ocean Resort Casino is assuming ownership of it.Luxor Capital Group was identified as the new owner in a press release Monday from the casino.New Jersey casino regulators commence review process for granting interim casino license to the new owner of Ocean Resort Casino. The New Jersey Casino Control Commission is set to hold today its first meeting on the recently announced sale of Ocean Resort Casino to New York-based hedge fund Luxor Capital Group, The Press of Atlantic City reports. The meeting is scheduled for today at 10:30.Luxor Capital Group, a New York City-based hedge fund, has been identified as the new owner of Atlantic City's Ocean Resort Casino.The reveal follows several weeks of speculation that began in early January, when then-owner Bruce Deifik announced that the reincarnation of the ill-fated Revel, which made its debut in 2018, would be sold to an unnamed outside company.


Luxor Capital Group, a New York-based hedge-fund and the new major investor of Ocean Resort Casino, have requested gaming regulators to go ahead and start the process of being licensed by the state. This private investment business has submitted its application for the interim casino authorization. This is according to the documents that are filed with the Casino Control Commission.AC Press is reporting NY hedge fund Luxor Capital Group is the new owners of Ocean Resort. Atlantic City. Atlantic City Tourism Atlantic City Hotels Atlantic City Bed and Breakfast Atlantic City Vacation Rentals Atlantic City Vacation Packages Flights to Atlantic City Atlantic City Restaurants Things to Do in Atlantic City Atlantic City Travel Forum Atlantic City Photos Atlantic City Map.

Luxor capital ocean resort casino

Luxor Capital Group has been given approval for its interim license to run the Ocean Resort Casino while New Jersey regulators discuss issuing permanent authorization.

Luxor capital ocean resort casino

Ocean Resort Casino Top Management Replaced. Already Luxor Capital Group has fired two top managers, the CEO and CFO at Ocean Resort Casino. Previous CEO, Frank Leone, was replaced by Eric Matejevich who worked as COO at the Atlantic Club Casino hotel. CFO Alan Greenstein is replaced by Terry Glebocki. Her experience in the same position at.

Luxor capital ocean resort casino

Ocean Casino Resort (formerly Revel Casino Hotel Atlantic City) is a resort, hotel and casino in Atlantic City, New Jersey, United States.It is the northernmost casino on the Atlantic City Boardwalk, located on 20 acres (8.1 ha) of land, adjacent to the Showboat Hotel.Revel opened on April 2, 2012, and after declaring Chapter 11 bankruptcy for the second time, closed on September 2, 2014.

Luxor hedges funds to buy ocean resort casino - Tunf News.

Luxor capital ocean resort casino

ATLANTIC CITY, N.J. (AP) — A New York hedge fund that lent money to Atlantic City's Ocean Resort Casino is assuming ownership of it.

Luxor capital ocean resort casino

A New York hedge fund that lent money to Atlantic City's Ocean Resort Casino is assuming ownership of it.

Luxor capital ocean resort casino

Having purchased the struggling venue in January, Luxor Capital Group has been finally granted interim licence for Ocean Resort Casino by the Casino Control Commission, allowing it to run the business while waiting for the permanent authorization. As the previous owners failed to stop the rapid decline of the casino, the firm will be closely watched, while the authorities try to assess whether.

Luxor capital ocean resort casino

Luxor Capital Group is a hedge fund based in New York that was recently approved for a permanent license to operate Atlantic City’s Ocean Casino Resort. The approval was given after the property was able to provide proof that it was financially sound. Since its launch, the property has struggled to gain ground financially.

Luxor capital ocean resort casino

Luxor Capital Group was granted a license to operate Ocean Casino Resort after it was able to demonstrate its financial stability since last July to the state Casino Control Commission. VERNON.

Luxor Capitol to own Atlantic City’s Ocean Resort Casino.

Luxor capital ocean resort casino

ATLANTIC CITY, N.J. (AP) — A New York hedge fund that lent money to Atlantic City’s Ocean Resort Casino is assuming ownership of it. Luxor Capital Group will assume control once it receives.

Luxor capital ocean resort casino

Luxor Capital Group, a New York hedge fund, is the new owner of Ocean Resort Casino (formerly Revel Casino). Luxor Capital is the mystery group which bought the Atlantic City casino from Bruce Deifik. Bruce Deifik, a Denver-based hotel and real estate developer with properties in 5 states, announced the sale of Ocean Resort Casino earlier in January.

Luxor capital ocean resort casino

ATLANTIC CITY, N.J. (AP) — A New York hedge fund that lent money to Atlantic City’s Ocean Resort Casino is assuming ownership of it. Luxor Capital Group was identified as the new owner in a.