12/11/2023 0 Comments Who owns ocean resort and casino![]() ![]() Luxor Capital commented, "We are extremely excited about the proposed investment by the Ilitch organization, which, if approved, will give Ocean access to growth capital and provide a strategic partner to Luxor. Additionally, the Ilitch companies represent leading brands in the food, sports and entertainment and real estate development industries and employ tens of thousands of people worldwide. MotorCity Casino Hotel offers luxury hotel accommodations and spa facilities, fine and casual dining, live entertainment, and world-class gaming. ![]() 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. ATLANTIC CITY, N.J., Ap/PRNewswire/ - 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.
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