Ocean On line casino Resort in Atlantic Metropolis Opens Excessive-Restrict Desk Recreation Space
Posted on: April 19, 2021, 01:30h.
Final up to date on: April 19, 2021, 03:29h.
Ocean On line casino Resort in Atlantic Metropolis continues to endure quite a few adjustments. The newest announcement from the Boardwalk property is the latest opening of a brand new high-limit gaming space dubbed The Loft.
Sitting on the forty fourth ground 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 company of The Loft will obtain a private safety element and butler service.
The Loft options solely desk video games. The VIP space presents company 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 house measuring 7,450 sq. ft. It’s positioned 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 mum or dad firm of the Little Caesars pizza franchise, has entered into an settlement with the current house owners of the resort to amass 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 ground. However upgrades to the out of doors swimming pools and cabanas are additionally being made.
Ocean managed the COVID-19 pandemic higher than every other Atlantic Metropolis on line casino. The resort reported a full-year 2020 gross working revenue of roughly $21.9 million.
Much less Resort, Extra VIP
Ocean On line casino Resort is making a giant wager on high-limit play in Atlantic Metropolis. The Loft replaces a number of lodge rooms on the forty fourth ground that have been one-bedroom suites. The resort towers 53 tales excessive, the tallest construction in Atlantic Metropolis.
COVID-19 resulted in fewer company and in a single day stays in Atlantic Metropolis final yr. However Ocean stored its rooms occupied higher than the eight different casinos on the town.
Information provided by the New Jersey Division of Gaming Enforcement reveals that Ocean’s 1,399 guestrooms have been occupied final yr at a price of 84 p.c. The on line casino additionally demanded the best common nightly price at $201.90. Borgata was a distant second at $160.38.