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New York Off-set Fund Will buy Ocean Hotel Casino
A New York private investment firm continues to be identified as the fresh owner from the ailing Boardwalk hotel and even casino location
New York-based hedge pay for Luxor Capital Group has become revealed as the mysterious buyer of Atlantic City’s River Resort Gambling establishment after time of speculations about a identity.
The actual private purchase firm has no relative to the Las Vegas-based Luxor Hotel & Casino, which can be owned by means of MGM Lodges International.
Luxor is ordering Ocean from Colorado trader Bruce Deifik just key months following your opening in the Boardwalk property. Mr. Deifik acquired the hotel together with casino vacation resort hotel early around 2018, paying $229 thousand to a previous user, Florida investor Glenn Straub.
Mr. Deifik’s purchase of the main Atlantic City casino hotel was actually in some measure funded using a $122. a few million connection loan from Luxor .
A website from Wednesday revealed that Luxor would end up being the principal owner of Water, while Mr.. Deifik will certainly retain a small noncontrolling affinity for the property . First suggestions that the Colorado state investor was looking for buyers for those hotel plus casino turn emerged in the lawsuit recorded last The holiday season by the ex – manager on the HQ2 club at the residence, Joseph Morrissey.
Mr. Morrissey said in his lawsuit that they had his / her contract terminated due to the fact that he’d a small stake in the Boardwalk property along with Mr.cool cat casino contact