Tagged ocean resort casino

Atlantic City casino market records mixed second-quarter results

August 23, 2019

Latest Casino and Gambling News, Economy/Finance, New Jersey

The nine-casino market in Atlantic City reportedly had a mixed second quarter after its aggregated gross operating profit fell by 6.8% year-on-year to stand at $159.3 million despite an 18.2% rise in combined n...

PILOT deal could leave Atlantic City facing a shortfall for its 2020 budget

Adam Morgan

June 7, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Sports betting, New Jersey

An obscure provision in a piece of state legislation in New Jersey could reportedly see Atlantic City receive about $14 million less in comparable tax revenues for its 2020 budget despite an uptick in the recen...

iGaming helps Atlantic City casino market to record a successful April

Adam Morgan

May 15, 2019

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Sports betting, New Jersey

The nine-casino market in Atlantic City reportedly had a very good April after chalking up a 23.8% rise year-on-year in aggregated gross gaming revenues to $265.4 million inclusive of a 58.9% overall increase i...

Atlantic City’s Ocean Resort Casino changes name to refocus on gambling

K Morrison

April 12, 2019

Latest Casino and Gambling News, Casino News, Gaming Industry News, New Jersey

Atlantic City's tallest casino is being renamed for the fourth time seven years, as the now former Ocean Resort Casino, which has worn the moniker since being sold to AC OCEAN WALK in January 2018, will be know...

American casino developer Bruce Deifik dies in Denver aged 64

Adam Morgan

April 11, 2019

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

The billionaire American property developer who once controlled Atlantic City’s Ocean Resort Casino, Bruce Deifik (pictured), reportedly died on Sunday evening after suffering an apparent cardiac arrest while d...

Ocean Resort Casino employees push toward unionization

K Morrison

March 3, 2019

Latest Casino and Gambling News, Casino News, Labor Relations, New Jersey

With new ownership comes changes, and Ocean Resort Casino in Atlantic City is currently undergoing its share, including what appears to be the imminent unionization of its hotel and restaurant employees. Acc...

Change of hierarchy at Ocean Resort Casino as executives depart

K Morrison

February 21, 2019

Latest Casino and Gambling News, Casino News, Employment & Careers, New Jersey

After a February 6, 2019, approval of a complex financial deal allowing operations at Ocean Resort Casino to continue uninterrupted during an ownership transition, a pair of top executives at the Atlantic City ...

Atlantic City posts positive January results

Adam Morgan

February 15, 2019

Latest Casino and Gambling News, Economy/Finance, New Jersey

The nine-casino market in Atlantic City reportedly had a good January after recording an almost 20% increase year-on-year in aggregated gross gaming revenues to $229.6 million helped by a 53% overall rise in ta...

Ocean Resort Casino’s interim ownership transfer approved

Adam Morgan

February 8, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

In New Jersey, the state gaming regulator has reportedly consented to a complex agreement that is to eventually see a private equity fund assume a majority stake in Atlantic City’s struggling Ocean Resort Casin...

Regulator to consider Ocean Resort Casino ownership change

Adam Morgan

February 6, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

In New Jersey, the state gaming regulator is reportedly scheduled to meet later today in order to decide whether it should approve an interim deal that would eventually lead to a private equity fund taking over...

Hedge fund buying majority stake in Atlantic City’s Ocean Resort Casino

Adam Morgan

January 30, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

In New Jersey, the businessman behind the struggling Ocean Resort Casino has reportedly inked a deal that is to involve a majority stake in the giant Atlantic City property being offloaded to a private equity f...

Atlantic City to pay Hard Rock casino $4.8M in tax appeal settlement

K Morrison

January 24, 2019

Latest Casino and Gambling News, Casino News, Taxation, New Jersey

After announcing in 2017 that a number of casino tax appeals covering casinos in Atlantic City had been settled, it appears as though the iconic Boardwalk city will be required to pay out millions after all. ...

Problems pile up for Ocean Resort Casino in Atlantic City

Sadonna Price

January 10, 2019

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey

After opening back in June, the Ocean Resort Casino has failed to gain a foothold in the Atlantic City market. After struggling to keep up with competitors, the casino is now having an issue with construction w...

William Hill files New Jersey lawsuit against FanDuel Incorporated

Adam Morgan

October 25, 2018

Latest Casino and Gambling News, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation, New Jersey

In New Jersey, the local subsidiary of British online sportsbook operator, William Hill, has reportedly filed a lawsuit against FanDuel Incorporated over allegations that the rival provider had copied its ‘how ...

September proves successful for New Jersey sportsbooks

Adam Morgan

October 18, 2018

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Sports betting, New Jersey

Online and land-based sportsbetting operators in New Jersey reportedly chalked up almost $24 million in revenues last month off of some $184 million in wagers and helped the eastern state’s gaming industry to p...