ATLANTIC CITY, NJ (May 6, 2020) – Luxor Capital Group was approved and qualified to own Ocean Casino Resort by the State of New Jersey Casino Control Commission. The New Jersey Casino Control Commission requires a casino owner to be qualified to own a casino licensee in order for it to conduct business. The approval follows a thorough and comprehensive investigation of Luxor Capital Group by the Division of Gaming Enforcement.
Mike Conboy, a partner at Luxor Capital, said, “We thank the Casino Control Commission and Division of Gaming Enforcement for granting Luxor Capital its approval. In 2019, Ocean Casino Resort was the fastest-growing casino in Atlantic City. Ocean’s future is bright, and we look forward to welcoming back our guests and employees at the appropriate time.”
“I’d like to thank both the Division and the Commission for your time and efforts during this approval process. And I would also like to thank Luxor for their trust and support.
But I’d be remiss if I didn’t recognize my Ocean team. We’ve produced some Year over Year results that we are especially proud of. This was a team effort and wouldn’t have been possible without the dedication of each and every team member throughout our property doing their job. We look forward to a successful reopening in the not too distant future but until then I hope everyone stays safe and healthy,” said Terry Glebocki, Chief Executive Officer.
About Luxor Capital Group:
Luxor Capital Group is an investment management firm, founded in 2002 and based in New York.
For more information about this and other shows at Ocean Casino Resort visit our new and improved website at TheOceanAC.com, follow us on Twitter and Instagram @TheOceanAC, or on Facebook at Ocean Casino Resort.
ABOUT OCEAN CASINO RESORT:
The Ocean Casino Resort spans 20 beachfront acres on the world-famous Atlantic City Boardwalk located in North Beach. As the tallest building in Atlantic City, the tower encompasses 1,399 guest rooms and suites with unparalleled views. Ocean’s high-energy casino features live entertainment, ocean views, nearly 2,000 of the most exciting slot machines, 125 action-packed table games, and the finest sportsbook on the East Coast in partnership with William Hill. Ocean Casino Resort offers an industry-leading loyalty program, Ocean Premier, that provides members with valuable incentives, benefits, and rewards. With more than 15 restaurants, Ocean Casino Resort offers world-class dining including American Cut, Amada, and Dolce Mare. Best in class amenities such as Exhale Spa + Bath House, 3 pools, HQ2 Nightclub, HQ2 Beach Club, Topgolf Swing Suite, shopping, and more provide guests with boundless entertainment options. Additionally, Ocean Casino Resort has 160,000 square feet of flexible, indoor meeting and convention space and 90,000 square feet of unique outdoor spaces. Ocean Casino Resort is owned and operated by AC Ocean Walk, L.L.C.