NJ Spotlight News

Ocean Casino Resort is selling a huge stake in the property

Clip: 04/06/2021 | 3m 14s

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Luxor Capital Group, will sell as much as half of its ownership to a family that owns several Detroit sports teams and the Little Caesars pizza chain. There’s no price tag around the sale of the stake to Detroit’s Ilitch family, and regulatory approval is still needed. Luxor Capital, a New York hedge fund, took ownership of the Ocean Casino Resort in January 2019.

Aired: 04/06/21 | Rating: NR

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