Though it was just purchased a year ago, the Ocean Resort Casino in Atlantic City – formerly the Revel – will be under control of a new company soon. New York-based hedge fund Luxor Capital Group, already part owner of Ocean Resort, has upped its stake to own a majority of the property. Luxor, which has nothing to do with the Luxor casino in Las Vegas, is making a $70 million additional investment in Ocean Resort to gain the controlling stake.
The Revel was built for $2.4 billion and opened in April 2012. Its revenues were never able to keep pace with costs and it closed in September 2014. After months of drama and multiple starts and stops, Polo North Country Club’s Glen Straub finally acquired Revel for just $82 million in April 2015. He said he was going to re-open it, but never did, eventually selling it for $200 million to Bruce Deifik in January 2018.
The property was renamed to Ocean Resort Casino and re-opened in June 2018. It does not appear that Luxor’s plans are anything significantly different to what has been happening for the last few months.
The World Series of Poker schedule has finally been. . .um. . .finalized, as the final batch of events were released this past week. This swath of tournaments are the lowest buy-in group, with price points of $600 or $800. There are six such events, each of which is deep-stacked; the $600 events have 30,000 chip starting stacks, while the $800 events have 40,000 chip starting stacks.
There will also be a $500 charity events called “Salute to Warriors,” with proceeds going to the USO and “other veteran organizations.” This is a gold bracelet event like any other.
There are actually non-bracelet events at the WSOP, as well. These daily No-Limit Hold’em Deep Stack tournaments cost $200, $250, and $400 and have just 30 minute levels. On Sundays, the WSOP will host a $250 Pot-Limit Omaha Deep Stack tournament and on Wednesdays, it will run a $250 Seniors Deep Stack tournament.
Denis Shafikov went into the final table of the World Poker Tour Russia Main Event with the chip lead and didn’t look back, making the last day of the tournament look fairly easy. He had 5.335 million chips last Sunday, more than the second and third place players had between the two of them.
Shafikov eliminated four of his five opponents, en route to victory. Going into heads-up play, had an 11.605 million to 3.695 million chip lead, but for a brief time, he actually gave that lead up to Aleksey Gortikov. But once he got it back, that was it. On the final hand, Shafikov raised pre-flop with Nines and Gortikov went all-in with A-7. Gortikov never hit an Ace or multiple Sevens and Shafikov improved to a set on the turn for good measure to win WPT Russia.
The first prize of just over a quarter million dollars brought Shafikov’s lifetime live tournament total to nearly $1 million. This was not the largest cash of his career, though. Shafikov finished fourth in the 2015 European Poker Tour Main Event, good for $461,132. WPT Russia was the first win of Shafikov’s career.
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