New York Hedge Fund Obtains Ocean Vacation resort hotel Casino

New York Hedge Fund Obtains Ocean Vacation resort hotel Casino

A New You are able to private expenditure of money firm is identified as the latest owner belonging to the ailing Boardwalk hotel along with casino vacation resort

New York-based hedge create funding for Luxor Money Group is actually revealed since the mysterious buyer of Ocean City’s River Resort Gambling establishment after time of speculations about a identity.

The actual private expense firm has got no relation to the Rompu Vegas-based Luxor Hotel & Casino, which is certainly owned simply by MGM Major resorts International.

Luxor is ordering Ocean via Colorado business person Bruce Deifik just 7 months following on from the opening with the Boardwalk property or home. Mr. Deifik acquired the exact hotel plus casino vacation resort hotel early within 2018, paying $229 huge number of to its previous master, Florida investor Glenn Straub.

Mr. Deifik’s purchase of the Atlantic Town casino hotel was actually somewhat funded with a $122. a few million brdge loan by Luxor .

A blog post from Mon revealed that Luxor would become the principal user of Underwater, while Mister. Deifik will probably retain a noncontrolling involvement in the property . First tips that the Encarnado investor was looking for buyers for that hotel plus casino destination emerged in a lawsuit submitted last Until by the former manager in the HQ2 pub at the residence, Joseph Morrissey.

Mr. Morrissey said in his lawsuit that they had the contract terminated due to the fact that he had a small share in the Boardwalk property as well as cat casino $200 no deposit bonus codes Read more