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Illitch Gaming closes purchase of Ocean Casino’s remaining 50% stake

Deals & M&A

Illitch Gaming said it closed its purchase of the remaining 50% ownership of Ocean Casino Resort in Atlantic City on 3 August. The deal completes a buyout first announced in June, but the ownership transfer still requires New Jersey regulatory approval, the company said.

The acquisition would give Illitch Gaming full ownership of an Atlantic City casino, subject to state approval.

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