Gambling in the USA
AC Ocean Walk sold ORC
Atlantic City’s Ocean Resort Casino (ORC) has been sold to an as-yet unidentified buyer. Rumours swirled that ORC owner AC Ocean Walk LLC has acquired the property only 12 months ago and the property having just opened its doors six months ago. It is still unknown that to whom they sold and how much they paid.
Deifik, the owner of AC Ocean Walk LLC said he and his family, who will retain a small, non-controlling interest in the property, wanted to thank ORC’s employees for “their tireless work to bring our property to life and put it on track to become the best gaming property in New Jersey.” Deifik added that the new $70m cash injection “will put this property on an exciting path to growth.”
ORC reported its third straight month of declining gaming revenue in November, and its slots and table revenue ranked dead last among AC’s nine licensed brick-and-mortar operators. It was only the property’s thriving new sportsbook that allowed it to surpass Bally’s on November’s overall gaming revenue chart.
What Deifik has done represent the triumph of optimism over common sense. The $2.4b Revel declared bankruptcy before its first birthday in 2013, reopened briefly before filing for bankruptcy again in 2014, after which the property lay dormant for nearly four years.
Gambling in the USA
Gila River Resorts & Casinos hosts $5.9 million Big Game prop play contest
Gambling in the USA
Spinomenal makes US debut with New Jersey market entry
Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenal’s specially selected titles will be going live via Pariplay’s Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented: “After a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.”
Gambling in the USA
Mechoopda Casino to Suspend Operations Effective January 31, 2025
The Mechoopda Indian Tribe has announced that the Mechoopda Economic Gaming Authority (MEGA) Board has made the decision to suspend operations at Mechoopda Casino. The final day of operations will be Friday, January 31, 2025.
The Mechoopda Casino says this decision comes after months of deliberation and efforts to address the various challenges affecting the casino’s operations.
Dennis Ramirez, Tribal Chairman of the Mechoopda Indian Tribe, said: “Suspending operations at the Casino is a heart-wrenching decision that affects not only our Tribe but also our valued employees, customers, and the surrounding community. While this chapter is closing, our commitment to the Casino’s long-term vision remains steadfast. For over 25 years, this project has been a cornerstone of our economic development goals, and we will continue to work toward its future reopening.”
The Tribe is taking steps to support both its employees and community partners during this transition period:
Employee Support: The Tribe is committed to offering resources and guidance to assist team members through this difficult time.
Remaining Open Until January 31: The Casino will remain open through its final day of operation, giving guests the opportunity to enjoy the remaining days of service.
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