Trustee: Ocean Resort Casino improving finances, performance
Posted February 28, 2019 11:05 am.
This article is more than 5 years old.
ATLANTIC CITY, N.J. — The man overseeing Atlantic City’s Ocean Resort Casino until new owners take over says the property is restocked with cash and is already starting to turn around its performance.
In his first interview since being appointed as the divestiture trustee for the struggling property, Eric Matejevich (MAT’-eh-vich) told The Associated Press in an interview this week that the property once again meets state-imposed requirements to have at least $36 million on hand at all times.
He also says the casino is already starting to show significant improvement in business levels, even during the slowest period of the year.
Matejevich is overseeing Ocean Resort until New York hedge fund Luxor Capital takes over from former owner Bruce Deifik (DY’-fik).
It began to run low on money in September, prompting Deifik to relinquish ownership after just six months.
Wayne Parry, The Associated Press
