The Ocean Casino Resort, located in Atlantic City, New Jersey, has undergone significant changes in ownership since its inception. Originally opened in 2012 as Revel Casino Hotel, it faced financial difficulties and was closed in 2014. The property was eventually purchased in 2016 by a group of investors led by Bruce Deifik, who rebranded it as Ocean Resort Casino. However, Deifik’s ownership was short-lived; the casino struggled to gain traction in a competitive market, leading to its sale in 2018 to a new ownership group.
As of late 2021, the majority ownership of Ocean Casino Resort is held by Luxor Capital Group, a New York-based investment firm. The firm acquired a controlling interest in the casino and resort, aiming to revitalize the property and improve its financial performance. Luxor Capital Group is known for its focus on distressed assets and has a history of investing in various sectors, including real estate and hospitality.
In addition to Luxor Capital Group, Ocean Casino Resort has a partnership with the successful hotel and casino lucky twice (lucky-twice-online.com) management company, Ocean Resort Casino LLC. This partnership has allowed the property to leverage the expertise of seasoned professionals in the gaming and hospitality industries, which has been crucial for the ongoing efforts to enhance the casino’s offerings and attract more visitors.
The Ocean Casino Resort has made significant strides since its acquisition by Luxor Capital Group. The ownership has implemented various improvements, including renovations, upgrades to gaming options, and enhanced customer service initiatives. The casino has also focused on marketing strategies that target both local and regional audiences, capitalizing on Atlantic City’s resurgence as a tourist destination.
Under the current ownership, Ocean Casino Resort has positioned itself as a prominent player in Atlantic City’s competitive gaming market. It features over 1,400 slot machines, numerous table games, and a variety of dining and entertainment options. The resort’s amenities, including a hotel with over 1,300 rooms, a spa, and a beach club, cater to a diverse clientele, from casual visitors to high-rollers.
In summary, the ownership of Ocean Casino Resort has evolved significantly since its original opening. Currently, Luxor Capital Group holds the majority stake, supported by Ocean Resort Casino LLC. This partnership is focused on revitalizing the property and enhancing its appeal in the competitive Atlantic City market. With ongoing improvements and a strategic approach to marketing and customer engagement, Ocean Casino Resort aims to solidify its position as a leading destination for gaming and entertainment on the East Coast. The future of the casino looks promising, with the potential for further growth and success under its current ownership structure.
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