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Ilitch Gaming completes purchase of remaining 50% interest in Ocean Casino Resort

Source: ROI-NJ · Aug 3, 2026, 12:00 PM

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Ilitch Gaming completes purchase of remaining 50% interest in Ocean Casino Resort news image

Ilitch Gaming has finalized its acquisition of the remaining 50% ownership stake in Ocean Casino Resort in Atlantic City, announced August 3.

The transaction, first disclosed in June, gives Ilitch Gaming full control of the property. Financial terms were not disclosed.

This move expands Ilitch Gaming's portfolio of gaming, hospitality, and entertainment assets. Ilitch Gaming is a division of Ilitch Companies, a Detroit-based entertainment and sports conglomerate.

The acquisition marks a significant consolidation of ownership at one of Atlantic City's major casino properties.

Key points

  • Ilitch Gaming completed acquisition of the final 50% stake in Ocean Casino Resort, achieving full ownership
  • The transaction was announced in June 2026 and finalized in August 2026
  • Financial terms of the deal were not disclosed
  • The purchase expands Ilitch Gaming's national gaming and hospitality portfolio
  • Ilitch Companies, the parent organization, is based in Detroit and operates major entertainment properties

FAQ

What is Ocean Casino Resort in Atlantic City?
Ocean Casino Resort is a major casino and hospitality property located in Atlantic City, New Jersey. It offers gaming, hotel accommodations, dining, and entertainment options as part of Atlantic City's casino industry.
Who is Ilitch Gaming?
Ilitch Gaming is a gaming and hospitality company that is a unit of Ilitch Companies, a Detroit-based entertainment and sports conglomerate. The company operates gaming properties across the United States.
Why did Ilitch Gaming acquire the remaining stake?
Acquiring the remaining 50% interest gives Ilitch Gaming full ownership and control of Ocean Casino Resort, allowing the company to integrate it fully into its national gaming and entertainment portfolio.

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