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You give up freedom to be secure, so this is a small price to pay. ”Among those reportedly finding the new rules particularly inconvenient are the practitioners of the world’s oldest profession, according to a source who spoke to Fox 5 News. chumba casino unlimited sweeps Apparently, the call girls of Las Vegas are complaining the sudden restriction of mobility is cramping their style. The New Jersey Casino Control Commission (CCC) has appointed a seasoned casino executive to oversee the ownership transfer of the cash-strapped Ocean Resort Boardwalk property. The New Jersey Casino Control Commission has named a former casino execisland resort and casino mobile app to take over Ocean Resort. downstream casino website black hawk casino hr casino slot dice game (Image: NJ Advance Media)Garden State gaming regulators said Wednesday that Eric Matejevich will assist Luxor Capital – a New York hedge fund that acquired Ocean Resort last month – in obtaining a casino license from the state. Matejevich served as the chief financial officer at Resorts International for nearly a decade, and was also the chief operating officer at the Atlantic Club Casino Hotel until it closed in 2014. Ocean Resort – the former Revel that cost . Ruby Slots Sign Up Bonus Code Lmri

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4 billion to construct but shuttered in 2014 after just two years in operation – opened last June. Colorado real estate developer Bruce Deifik purchased the closed Boardwalk casino in January 2018 without ever seeing the property in person. The CCC says the property lost million in five months, and has been out of compliance since November. The state requires casinos to have at least million on hand at all times, but Ocean Resort has less than million. Financial NightmareLuxor Capital and JP Morgan Chase Bank were Deifik’s two main lenders for his 9 million purchase of Ocean Resort from Florida-based real estate developer Glenn Straub. pictures of cliff castle casino In financial filings, Luxor says it will spend million to pay down JP Morgan’s outstanding loan, and the remaining million to take a majority ownership position in the casino property. The hedge fund additionally says it will finish the remaining 500 hotel rooms that weren’t renovated under Deifik’s ownershipisland resort and casino mobile app. After a star-studded grand opening last June, Ocean Resort failed to meet gross gambling revenue (GGR) projections.

Deifik’s team told state gaming regulators that the casino would net over 4 million in its first full year. casino near me all you can eat However, financial reports from the New Jersey Division of Gaming Enforcement (DGE) show that the property won just 1. hollywood casino grantville 1 million between June through the end of 2018. Appointee RoleLuxor needs to undergo the lengthy process of obtaining a casino license from the CCC. Twin Rivers Casino New Jersey Tjqy That’s where Matejevich comes in. island view casino alabama club player casino no rules bonus soaring eagle casino shows The Press of Atlantic City says the casino executive will assume control of the property in the interim. hollywood casino grantville The Commission’s designation allows the property to remain open for business. The DGE will first investigate Luxor