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Tag Archives: Illitch

US – Newly approved Illitch sign off $75m Ocean Casino revamp

Luxor Capital Group, the primary owner of Ocean Casino Resort, announced today that the Ilitch organisation has received regulatory approval and will acquire, through an affiliate, 50 per cent of Ocean. Luxor will control the remaining 50 per cent and will share equally with the Illitch organization in major decisions involving Ocean. The joint venture, previously announced earlier this…