![]() ![]() He said that in the pandemic they have seen an increase in their iGaming revenue. Our plans for 2020 was a focus on iGaming,” he added. “There was so much we wanted to do from the brick-and-mortar side, and that’s what we did. “In 2019, our focus was brick and mortar,” Glebocki said, as reported by The Press of Atlantic City. Luxor Capital Group, a New York-based hedge fund, was granted a license to operate Ocean Casino Resortin Atlantic City after it was able to demonstrate its financial stability since last July to the New Jersey Casino Control Commission (CCC).ĭuring the hearing Wednesday, Luxor partner Michael Conboy and Ocean CEO Terry Glebocki painted a positive picture for the property, noting that Ocean has not needed money infusions from Luxor in three quarters and stressed expectations to rapidly grow, not only in its brick-and-mortar operations but also particularly in online gaming and sports betting. It has not needed money infusions from Luxor in three quarters, with positive recent numbers that include online gaming and sports betting. ![]() Wednesday was the final step in the licensing process for Luxor, and the NJ Division of Gaming Enforcement and the CCC agreed that Ocean has been financially stable and has demonstrated integrity. ![]()
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