New York Hedge Fund Tends to buy Ocean Destination Casino

A New You are able to private expenditure of money firm is actually identified as the fresh new owner from the ailing Boardwalk hotel and casino location

New York-based hedge finance Luxor Investment Group is revealed as being the mysterious purchaser of Ocean City’s Marine Resort Online casino after many months of speculations about it is identity.

The exact private financial commitment firm includes no regards to the Las Vegas-based Luxor Hotel & Casino, that is definitely owned just by MGM Lodges International.

Luxor is obtaining Ocean coming from Colorado businessman Bruce Deifik just key months as soon as the opening with the Boardwalk property or home. Mr. Deifik acquired often the hotel and casino vacation resort early around 2018, forking over $229 huge number of to it’s previous seller, Florida individual Glenn Straub.

Mr. Deifik’s purchase of the very Atlantic Locale casino turn was actually partially funded by using a $122. certain million bridge loan from Luxor .

A press release submission from Mon revealed that Luxor would get to be the principal operator of Water, while Mister. Deifik can retain a tiny non-controlling involvement in the property . First recommendations that the The state of colorado investor wanted buyers for the hotel along with casino hotel emerged inside of a lawsuit lodged last 12 by the past manager belonging to the HQ2 golf club at the property, Joseph Morrissey. Continue reading