Private Equity
ATLANTIC CITY, N.J. (AP) — With the announcement last week that Luxor Capital Group, a New York-based private investment firm, had assumed majority control of Ocean Resort Casino, many are wondering what the future holds for the struggling property. "It's hard to say," said David G. Schwartz, director of the Center for Gaming Research at the University of Nevada-Las Vegas. "It certainly doesn't signal that (Luxor) had a lot of confidence in what was going on if they took control, but you never know."