Ocean Resort Casino changing hands after six months
DAVID DANZIS
Staff Writer
Updated
1 of 22
No record of a transaction has been recorded with the Atlantic County Clerk’s Office regarding Ocean Resort Casino changing ownership.
VERNON OGRODNEK / for the press
Evening view of the Ocean Resort Casino in Atlantic City. The Hard Rock and Ocean Resort Casinos opened for business, Thursday June 28, 2018. (Dale Gerhard / Press of Atlantic City)
Dale Gerhard / Staff Photographer
Crowds walk the boardwalk in front of the Ocean Resort Casino in Atlantic City. The Hard Rock and Ocean Resort Casinos opened for business, Thursday June 28, 2018. (Dale Gerhard / Press of Atlantic City)
Dale Gerhard / Staff Photographer/
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK/
Luxor Capital Group is now the majority stakeholder in Ocean Resort Casino in Atlantic City.
/ For The Press
VERNON OGRODNEK/
The Ocean Casino Resort has greatly reduced its debt, according to Eric Matejevich, the casino’s interim CEO.
VERNON OGRODNEK / for the press
Steve Hagan and Kathy Nagy, of York, PA, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Jim and Sue Small of Philadelphia, PA, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
With the announcement Monday that Luxor Capital Group, a New York-based private investment firm, had assumed majority control of Ocean Resort Casino, many are wondering what the future holds for the struggling property.
For The Press / VERNON OGRODNEK/
Marie and Alan Mioduszewski, of New Brunswick, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Marie and Alan Mioduszewski, of New Brunswick, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Marie Mioduszewski, of New Brunswick, Middlesex County, says she used to gamble at Ocean Resort when it was Revel Casino Hotel. ‘It was dead at that time, too,’ she said. ‘I didn’t think it was going to make it then, either.’
For The Press / VERNON OGRODNEK
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Jim and Sue Small, of Philadelphia, say they were impressed by how beautiful Ocean Resort Casino was but were surprised by how few people were on the casino floor or in the restaurants.
VERNON OGRODNEK / For The Press
Sue Small of Philadelphia, PA, talks about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
VERNON OGRODNEK / For The Press
Kathy Nagy, of York, PA, talks about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
For The Press / VERNON OGRODNEK
Ocean Resort Casino, in Atlantic City, Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
ATLANTIC CITY — There are signs of trouble at Ocean Resort Casino, the $2.4 billion Boardwalk megaresort heralded as being a key part of the seaside gaming resort’s comeback.
Nearly three decades ago, the largest and most lucrative gaming jurisdiction in the United States collectively shifted its focus from gambling profits to revenue generated elsewhere in casino hotels.
Deifik Bruce Deifik, Ocean Resort owner, speaks during an editorial board meeting at The Press of Atlantic City in Pleasantville Wednesday, Nov. 14, 2018.
Evening view of the Ocean Resort Casino in Atlantic City. The Hard Rock and Ocean Resort Casinos opened for business, Thursday June 28, 2018. (Dale Gerhard / Press of Atlantic City)
Crowds walk the boardwalk in front of the Ocean Resort Casino in Atlantic City. The Hard Rock and Ocean Resort Casinos opened for business, Thursday June 28, 2018. (Dale Gerhard / Press of Atlantic City)
Steve Hagan and Kathy Nagy, of York, PA, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
Jim and Sue Small of Philadelphia, PA, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
With the announcement Monday that Luxor Capital Group, a New York-based private investment firm, had assumed majority control of Ocean Resort Casino, many are wondering what the future holds for the struggling property.
Marie and Alan Mioduszewski, of New Brunswick, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
Marie and Alan Mioduszewski, of New Brunswick, talk about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
Marie Mioduszewski, of New Brunswick, Middlesex County, says she used to gamble at Ocean Resort when it was Revel Casino Hotel. ‘It was dead at that time, too,’ she said. ‘I didn’t think it was going to make it then, either.’
Jim and Sue Small, of Philadelphia, say they were impressed by how beautiful Ocean Resort Casino was but were surprised by how few people were on the casino floor or in the restaurants.
Sue Small of Philadelphia, PA, talks about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
Kathy Nagy, of York, PA, talks about the recent sale of Ocean Resort Casino, in Atlantic City, while at the casino,Thursday, Jan. 10, 2019. (For The Press / VERNON OGRODNEK)
Deifik Bruce Deifik, Ocean Resort owner, speaks during an editorial board meeting at The Press of Atlantic City in Pleasantville Wednesday, Nov. 14, 2018.