New York state New Jersey city Detroit 2020 pandemic Coronavirus New York state New Jersey city Detroit

Detroit's Ilitch family buying half of Atlantic City casino

Reading now: 800
www.clickorlando.com

ATLANTIC CITY, N.J. – A New York hedge fund said Tuesday it is selling as much as half its ownership of Atlantic City's Ocean Casino to the Ilitch family, which owns professional sports teams, a nationwide pizza chain and a casino in Detroit.

Officials of Luxor Capital Group LP told The Associated Press they have reached a deal with the Ilitch organization to acquire, through an affiliate, up to half the ownership of the casino.

Ilitch, which owns the Detroit Tigers baseball and Red Wings hockey teams, the Little Caesars pizza chain, and Detroit's MotorCity Casino Hotel, has already applied to New Jersey regulators for interim approval to own part of the casino.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA