He bought it in January 2018 and it was open by June. When Deifik purchased the casino property, he quickly began renovating and making additions. We opened up the property even more effectively to the Boardwalk, and activated retail spaces and food and beverage options that have been extremely well-received by our guests.” Continued Investment The CEO of Ocean Resort Casino, Frank Leone, said: “We are incredibly proud of the progress our team members have made in establishing Ocean Resort Casino as one of the premier gaming and leisure destinations in the United States. Since approval can take time, a trust will be created for the temporary ownership of the property. Luxor Capital will now assume control once given interim authority to own a casino venue.

Formerly known as the Revel Casino Hotel, the property was purchased by Deifik in January of last year for $229m.ĭeifik received financing for the purchase from Luxor Capital Group and J.P. The company has been involved with the Ocean Resort Casino since Deifik made the purchase. The Luxor Capital Group is a private investment firm based in New York State. The new majority stakeholder has now been revealed as the Luxor Capital Group. The former principal owner of the Ocean Resort will no longer have the majority stake in the property. Bruce Deifik is a real estate developer who purchased the property in 2018. In early 2019, the owner of the Ocean Resort Casino in Atlantic City announced that the property would be changing hands.

Luxor commits $70m (£53.3m) in new strategic capital to the resort.

Revel was purchased in January 2018 by Deifik for $229m (£174.2m) with financing from Luxor and J.P.

Former owner Bruce Deifik maintains his minority share.

Ocean Resort Casino is now majority-owned by Luxor Capital Group.

Who owns ocean resort and casino