Financial terms of the deal were not disclosed, but it was confirmed that Luxor will control the remaining 50% and share equally with Illitch in key decisions involving Ocean.
The land-based casino will also now undergo major refurbishment, with more than $75m to be spent during the next year on adding more than 460 new hotel rooms and suites. This follows a revamp of the casino floor earlier this year.
The resort will also grow its non-gaming amenities, including culinary and entertainment experiences.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/ilitch-holdings-acquires-50-stake-in-atlantic-citys-ocean-casino-resort/
