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Luxor hedges funds to buy ocean resort casino

The mysterious purchaser of the Atlantic oceans resort casino has been identified after so many rumours’ about the company. Luxor capital groups is a New York-based company which has acquired this property. This boardwalk property was previously owned by a Colorado-based businessman deifik.

This property was acquired by Bruce deifik after the death of the former owner Glenn Straub.  A reputed press source revealed that the Luxor will fully own and will be the main owner of the oceans resort and Mr Bruce will have a small part in this property as a controller.

After when Mr Bruce confirmed that the property is going to be sold he made some major renovations in the resort.  More than 70 million dollars was invested by Bruce to add buffets, chairs and suites, lots of changes were also made on the casino floor.  The sources also said that there will be more entertainment and gaming events in the resort in the coming months as this is also a part of the renovation plan.

In the meantime, Luxor will also file a petition to acquire the casino license and it may have to undergo some investigations by gaming enforcement of New Jersey.  After the 7o million investments are finalised Luxor will at the same time have to obtain the interim authorization. Oceans resort was originally opened on the year 2012 however, it did not earn enough profit so the former owner sold the property to deifik and now the new owner Luxor has many plans to make this project a huge success.

About the author

Wilson

Wilson

Publisher Tom Wilson is a gambling industry pioneer. He is the founder of Tunf and his yearly Gambling industry predictions and analysis are respected and adhered to by veterans and novices alike.

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