Ocean Resort Casino is a popular destination for gambling enthusiasts and vacationers alike. The casino, which is located in Atlantic City, New Jersey, offers a variety of gaming options and amenities that make it a top choice for visitors.
But have you ever wondered who the owner of Ocean Resort Casino is? In this article, we will take a closer look at the individuals and entities that own this iconic casino.
The Initial Owner of Ocean Resort Casino
Ocean Resort Casino was originally owned by Bruce Deifik, a real estate developer based in Colorado. Deifik purchased the property from Glenn Straub in January 2018 for $200 million. He immediately began renovations to update the property and make it more appealing to visitors.
Current Owner of Ocean Resort Casino
In 2019, Deifik sold Ocean Resort Casino to Luxor Capital Group, a hedge fund based in New York. The terms of the sale were not disclosed to the public, but reports suggest that Luxor Capital Group paid significantly less than what Deifik paid for the property.
Luxor Capital Group
Luxor Capital Group was founded by Christian Leone in 2002. The hedge fund manages more than $4 billion in assets and has investments in various industries including real estate, healthcare, and technology.
Other Properties Owned by Luxor Capital Group
In addition to Ocean Resort Casino, Luxor Capital Group also owns other properties across the United States. These include:
- The Cosmopolitan of Las Vegas: A luxury resort and casino located on the Las Vegas Strip.
- MontBleu Resort Casino & Spa: A hotel and casino located in Stateline, Nevada.
- Golden Nugget Lake Charles: A hotel and casino located in Lake Charles, Louisiana.
Conclusion
In summary, Ocean Resort Casino is currently owned by Luxor Capital Group, a hedge fund based in New York. The sale was completed in 2019 for an undisclosed amount.
Prior to that, the casino was owned by Bruce Deifik, a real estate developer from Colorado. With its prime location and luxurious amenities, Ocean Resort Casino is sure to continue attracting visitors from all over the world.
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