Ocean Resort Casino reportedly improving finances

The person in charge to oversee the casino’s performance until a new owner takes over said that the casino is improving its finances.

US.- Ocean Resort has been one of the facilities in Atlantic City that struggled in the last few years but still managed to keep operating, one way or another. Eric Matejevich, who oversees Ocean Resort Casino until new owners take over, told The Associated Press that the property is on its way to turn around its poor performance.

Matejevich said that the facility once again is meeting state-imposed requirements like the ones that establishes that it must have at least US$36 million on hand at all times, and claimed that it is showing significant improvement in business levels, even during the slowest period if the year.

“The prior two owners advertised this property as a resort,” Matejevich said. ”We view ourselves as a great casino property with beautiful resort amenities,” he added.

Matejevich will oversee the facility until New York hedge fund Luxor Capital takes over from Bruce Deifik, who gave up his ownership in January, just six months after he acquired the rights.

“We’re back in compliance, and we will remain in compliance. We have a parent company that is a very significant New York fund that is committed to the asset. We’re starting to already see a fairly significant increase in our business levels.”