Luxor Capital Group Reveals Plans for New Ownership Partner of Ocean Casino Resort

OCEAN CASINO RESORT | April 6, 2021

ATLANTIC CITY, N.J. - April 6, 2021 - Luxor Capital Group, LP, the primary owner of Ocean Casino Resort, announced today that it is pursuing a partnership with the Ilitch organization. Subject to regulatory approvals and final closing conditions, the Ilitch organization would own, through an affiliate, up to 50% of Ocean, with Luxor owning the rest. This joint endeavor will bring to Atlantic City the extensive experience that the Ilitch organization has in the gaming industry through MotorCity Casino Hotel, Detroit's only locally owned and operated casino. MotorCity Casino Hotel offers luxury hotel accommodations and spa faciliti...