Ocean Casino Resort, at 500 Boardwalk in Atlantic City, is scheduled for a new makeover in 2022. The $75 million expansion project will add hundreds of rooms and create new dining and entertainment experiences for guests. The project is made possible by Ilitch Organization’s new partnership with Ocean Casino and Resort. Ilitch recently received regulatory approval to acquire 50 percent of Ocean Casino and Resort through an affiliate.
“We are excited to welcome the Ilitch organization to Atlantic City. Their investment gives Ocean access to growth capital and provides a strategic partner to Luxor. Over the last year, Ocean’s team has progressed under new leadership that features top executives in the gaming and hospitality industries. Since that time, Ocean has strengthened its position in the market and continues to gain market share. We look forward to moving the business forward with Ilitch’s partnership,” Ocean Casino and Resort’s owner, Luxor Capital, said in a press release.
The $75 million reinvestment will fund the construction of 360 guest rooms and 100 suites on 12 floors of the resort and the growth of culinary and entertainment offerings. The 2022 project follows Ocean Casino and Resort’s $15 million reinvestment in 2021which included a redesigned casino floor, new guest lounges, and the expansion of pools and cabanas.
“Over the last year, Ocean has worked to strengthen its position in the market,” Bill Callahan, Executive Vice President of Hospitality & Gaming for Ocean Casino Resort, said. “We are excited to advance Ocean’s achievements. The ability to meet growing demand in our hotel experience will create new energy throughout the resort – from our casino floor and award-winning restaurants to our renowned nightlife and entertainment venues.”
