Do you know who owns Ocean Casino Atlantic City?
Over $500 million has been invested into this stunning casino, which offers luxurious amenities and gaming experiences.
From the high-end restaurants, to the expansive gaming floor, this casino is owned by one company and making them big profits.
Read on to learn more about who owns Ocean Casino Atlantic City.
Key Takeaways
- Golden Nugget Casino initially owned Ocean Casino Atlantic City.
- The current owner of Ocean Casino Atlantic City is AC Ocean Walk.
- Ownership of the casino has changed hands multiple times, with Ramada, Resorts International, Colony Capital, Revel Entertainment, and the Straub Family all being previous owners.
- Ocean Casino Atlantic City has seen a surge in profits since its opening in 2018, with record gaming revenue of $153 million in 2019 and a net profit increase of $43 million, the highest on record.
Current Owner: Profits
You may be wondering who currently owns Ocean Casino in Atlantic City and what profits they are making.
The property has had a number of owners throughout its history, and the current owners are profiting from its success.
Let’s take a look at the history of ownership and profits at Ocean Casino in Atlantic City.
Historical Ownership: Profits
Since its opening in 1978, Ocean Casino in Atlantic City has seen a steady rise in profits under its various owners. Initially owned by the Golden Nugget Casino, it was sold to Ramada in 1980. Ramada rebranded the casino to Trump Regency and increased profits significantly by avoiding taxes and resolving union disputes.
Subsequent owners included:
- Resorts International, who bought it in 1997
- Colony Capital, who bought it in 2001
- Revel Entertainment, who bought it in 2011
- Straub Family, who bought it in 2015
In 2018, the casino was rebranded as Ocean Casino Resort and is currently owned by AC Ocean Walk. Under their ownership, the casino’s profits have continued to rise.
About the Casino: Amenities
At Ocean Casino Resort Atlantic City, you’ll have plenty of gaming options to choose from. Enjoy all your favorite slots and table games. Plus, there are a variety of dining and entertainment venues. Indulge in delicious meals at the resort’s restaurants and unwind at the bars.
For those looking for a night out, the resort offers plenty of thrilling entertainment venues for you to enjoy.
Gaming Options
Ocean Casino Atlantic City offers a variety of exciting gaming options for you to enjoy. From the thrills of live gaming tables to the endless fun of slot machines, this destination has it all.
Live gaming includes classic favorites like poker, roulette, and blackjack, as well as new games like baccarat and craps.
When it comes to slots, the casino offers a variety of classic 3-reel machines, as well as the newest video slots with multiple paylines and bonus rounds. You can also find a variety of progressive jackpot games with life-changing payouts.
Whether you’re a casual player or a high roller, Ocean Casino Atlantic City offers something for everyone.
Dining Options
The dining experiences at Ocean Casino Atlantic City are second to none, offering a variety of cuisines for every palate. From poolside dining to fine dining, there’s something for everyone.
Here are a few reasons why:
- Enjoy the Atlantic City boardwalk from the comfort of one of the poolside restaurants.
- Sample some of the best seafood dishes from award-winning chefs.
- Enjoy an intimate atmosphere with a romantic dinner for two in the fine dining room.
No matter your preference, Ocean Casino Atlantic City has a dining experience for you. With delectable dishes, attentive service, and an unforgettable atmosphere, you won’t be disappointed.
Entertainment Venues
Experience the best in entertainment at Ocean Casino Atlantic City. With activities and attractions for all ages, there’s something for everyone. Enjoy a night of casino culture and ownership trends at one of Ocean Casino’s many bars and lounges. From high-energy music venues to intimate lounges, you’ll find a wide variety of options. Take in a show at the Foundation Room or immerse yourself in the classic casino atmosphere at the Lobby Bar. And for some late-night fun, head to the Wave Nightclub or the Rooftop Bar for live entertainment and dancing. Whether you’re looking for a night out on the town or a relaxing evening of entertainment, Ocean Casino has it all.
Current Profits of Casino
You’re looking to know about the current profits of Ocean Casino Atlantic City?
The casino has seen a surge in profits since its 2018 opening. It has also been a huge boon to the local economy, creating hundreds of job opportunities and providing a huge economic impact to the city.
Ocean Casino Atlantic City has seen increased profits each year since its opening, and in 2019, it reported a record $153 million in gaming revenue. It also showed a $43 million increase in net profits, which is the highest on record.
The casino’s success has been attributed to their focus on customer service and their commitment to providing an amazing experience for their guests. Their state of the art amenities have also helped them draw in more visitors and increase their profits.
They have also been able to capitalize on the growth of the Atlantic City gaming market, as well as their proximity to New York City.
It’s clear that Ocean Casino Atlantic City has been a success story, and their current profits are a testament to that.