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Michigan s internet betting revenue takes off
Michigan s foray into legal online gambling continues to gain momentum, even exceeding the high expectations that surrounded the launch of internet sports betting and gaming earlier this year.
The state s internet gaming operators brought in $95.1 million in receipts in March, the second full month of legal online gambling in the state.
“Online casinos are on pace to earn $760 million in revenue this year, and that’s a staggering number, analyst Geoff Fisk of MichiganSharp.com said in a statement Tuesday. I think that figure shatters even the loftiest expectations for Michigan’s online casinos.”
WAYNE PARRY
This June 28, 2018, file photo shows the exterior of the Ocean Resort Casino in Atlantic City N.J. On Tuesday, Luxor Capital, the New York hedge fund that owns the casino, told The Associated Press it is selling an ownership interest of up to 50% in the casino to the Ilitch family of Detroit, which owns professional sports teams, the Little Caesars pizza chain, and a Detroit casino. (AP photo)
ATLANTIC CITY, N.J. A New York hedge fund said Tuesday it is selling as much as half its ownership of Atlantic City’s Ocean Casino to the Ilitch family, which owns professional sports teams, a nationwide pizza chain and a casino in Detroit.
Associated Press
The Ilitch family, which owns the Little Caesars pizza chain, has agreed to purchase at least half of the ownership of Ocean Casino in Atlantic City, N.J. Previous Next
Wednesday, April 07, 2021 1:00 am
Ilitch family gets slice of casino
WAYNE PARRY | Associated Press
ATLANTIC CITY, N.J. – A New York hedge fund said Tuesday it is selling as much as half its ownership of Atlantic City s Ocean Casino to the Ilitch family, which owns professional sports teams, a nationwide pizza chain and a casino in Detroit.
Officials of Luxor Capital Group LP told the Associated Press they have reached a deal with the Ilitch organization to acquire, through an affiliate, up to half the ownership of the casino.
A new owner for an Atlantic City casino? Is Pizza Pizza on the horizon, along with the Detroit Tigers?
A Boston television station is reporting that Detroit s Illitch family is buying half of Atlantic City s Ocean Casino Resort.
Boston 25 News is reporting a story (authored by the Associated Press) that says the hedge fund that owns the casino is selling half of its stake to the Illitch family, owners of the Detroit Tigers baseball team, the Detroit Red Wings hockey team, the Little Caesar s Pizza Chain, and Detroit s MotorCity Casino Hotel.
The report says the Illitch family has already applied to New Jersey regulators for interim approval to own part of the casino.