Posts Tagged: Ocean Casino

Detroit biz approved to buy half of Ocean Casino for $175M

Ocean Casino, Atlantic City, NJ

New Jersey gaming regulators approved the bid for a Detroit-based hedge fund to acquire half ownership of Ocean Casino Resort for $175 million. Holding company Ilitch organization will own 50% while Ocean’s current owners, New York hedge fund Luxury Capital Group, will retain the remaining half. The plans were approved following two days of meetings… Read more »