New York Hedge Fund Purchases Ocean Location Casino

New York Hedge Fund Purchases Ocean Location Casino

A New You are able to private investment firm has been identified as the revolutionary owner within the ailing Boardwalk hotel in addition to casino vacation resort hotel

New York-based hedge pay for Luxor Investment Group continues to be revealed because mysterious shopper of Ocean City’s River Resort On line casino after few weeks of speculations about a identity.

The private capital spent firm seems to have no connection to the Rompu Vegas-based Luxor Hotel & Casino, that is definitely owned by way of MGM Destinations International.

Luxor is obtaining Ocean through Colorado n entrepreneur Bruce Deifik just eight months following your opening from the Boardwalk residence. Mr. Deifik acquired typically the hotel plus casino vacation resort hotel early in 2018, having to pay $229 thousand to their previous master, Florida trader Glenn Straub.

Mr. Deifik’s purchase of typically the Atlantic City casino location was actually in some measure funded that has a $122. five million association loan by Luxor .

A pr release from Tuesday revealed that Luxor would get to be the principal proprietor of Seashore, while Mr. Deifik can retain one small noncontrolling involvement in the property . First recommendations that the Colorado investor was looking for buyers for any hotel and casino turn emerged inside of a lawsuit lodged last Dec by the original manager belonging to the HQ2 membership at the building, Joseph Morrissey.cool cat casino promo codes Continue reading “New York Hedge Fund Purchases Ocean Location Casino”