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Ilitch has regulatory approval to operate in Atlantic City

  Luxor Capital Group, LP, the main owner of Ocean Resort Casino, today announced that the Illich organization has received regulatory approval and will acquire 50% of Ocean through its affiliates. Luxor will control the remaining 50% and will share equally with the Illich organization in key decisions regarding Ocean. The joint venture announced earlier this year represents an exciting development for Ocean as the resort continues to make inroads into top Atlantic City destinations. Ilich's investment will enable the resort to build on its success through continued spending on real estate and enhanced customer and team member experiences. Luxor Capital said, "We are excited to welcome Ilich's organization to Atlantic City. Their investment gives Ocean access to growth capital and provides Luxor with a strategic partner. Over the past year, Ocean's team has evolved under new leadership, which includes top executives in the gaming and hospitality industries. Since then,...

Brewery Opens At Rolling Hills Casino Resort

 Nomlaki Indians' Pascenta Band announced the official grand opening of a new enterprise, Pascenta Brewery and Distillery. Located within Rolling Hills casinos and resorts, Pascenta Brewery and Distillery is a fully self-reliant brewery and high-end distillery with cutting-edge fermentation and production capabilities. "We are excited to welcome guests to Pasquenta Brewery and Distillery, California's first tribe-owned distillery, where they can enjoy our carefully crafted beer and alcohol," said Andrew "Drew" Alejandre, the tribal president. "We always strive to invest in businesses that will build a sustainable future for our tribe and the community as a whole. We are proud to be in a position to offer new job opportunities to our communities so that they can express their creativity." The Paskenta Brewery and Distillery is part of the tribe's casino expansion efforts that broke ground in 2019. The enterprise also marks a new milestone as the...