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Posted on: April 19, 2021, 01:30h.
Final up to date on: April 19, 2021, 03:29h.
Devin O’Connor Learn Extra
Ocean On line casino Resort in Atlantic Metropolis continues to bear quite a few adjustments. The newest announcement from the Boardwalk property is the current opening of a brand new high-limit gaming space dubbed The Loft.
The Loft, a non-public high-limit gaming space situated on the forty fourth flooring of Ocean On line casino Resort, is pictured. The Atlantic Metropolis VIP gaming area towers above the Atlantic Ocean beneath. (Picture: Ocean On line casino Resort)
Sitting on the forty fourth flooring of the sprawling blue oceanfront on line casino advanced, The Loft is a 2,000-square-foot VIP gaming lounge solely accessible to invited excessive rollers. Together with breathtaking views of the Atlantic Ocean, a launch from the on line casino says visitors of The Loft will obtain a private safety element and butler service.
The Loft options solely desk video games. The VIP space presents visitors blackjack, roulette, and baccarat.
The high-limit desk space follows Ocean’s opening of The Cove in December. The Cove is a high-limit slot machine area measuring 7,450 sq. toes. It’s situated adjoining to the Wahlburgers restaurant on the general public on line casino degree. The Cove options 140 high-limit machines.
$15 Million Rehab
Ocean revealed earlier this month that Ilitch Holdings, the father or mother firm of the Little Caesars pizza franchise, has entered into an settlement with the current homeowners of the resort to accumulate a 50 p.c stake.
Luxor Capital, the New York-based personal fairness agency that presently controls Ocean, says The Loft is a part of a $15 million refreshing of the general property. Many of the funds are getting used to revive the on line casino flooring. However upgrades to the out of doors swimming pools and cabanas are additionally being made.
Ocean managed the COVID-19 pandemic better than another Atlantic Metropolis on line casino. The resort reported a full-year 2020 gross working revenue of roughly $21.9 million.
Much less Lodge, Extra VIP
Ocean On line casino Resort is making a giant bet on high-limit play in Atlantic Metropolis. The Loft replaces a number of resort rooms on the forty fourth flooring that have been one-bedroom suites. The resort towers 53 tales excessive, the tallest construction in Atlantic Metropolis.
COVID-19 resulted in fewer visitors and in a single day stays in Atlantic Metropolis final yr. However Ocean saved its rooms occupied better than the eight different casinos on the town.
Knowledge equipped by the New Jersey Division of Gaming Enforcement reveals that Ocean’s 1,399 guestrooms have been occupied final yr at a fee of 84 p.c. The on line casino additionally demanded the very best common nightly fee at $201.90. Borgata was a distant second at $160.38.
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