Tropicana Atlantic City News
Carl Icahn and Other Investors Win Tropicana AuctionAtlantic City Offering Amazing Casino Deals to Boost Busiest SeasonTropicana Sale Approved by New Jersey PanelPinnacle Entertainment purchases Ameristar CasinosTrump forced to compete for bankrupt casinosWorld Poker Tour sells major assets to PartyGamingWynn's pending divorce leads to sale of two million casino shares
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Tropicana in Atlantic City Comes to Agreement with Lenders
Tuesday, March 31, 2009
ATLANTIC CITY, New Jersey -- As reported by The Philadelphia Inquirer: "The trustee of the Tropicana Casino in Atlantic City reached an agreement late last night with a group of secured lenders
Tropicana Atlantic City including developer Carl Icahn to set a $200 million minimum bid in a bankruptcy auction.
"Icahn's group will act as the so-called stalking horse in a bankruptcy auction for the troubled casino, whose owner was stripped of its license in December 2007.
"The agreement was reached at 11:35 last night.
"At a hearing last month, the New Jersey Casino Control Commission said the two groups had to reach an agreement before the auction process could proceed..."
Tropicana Atlantic City
South Brighton Avenue and the Boardwalk
Atlantic City, NJ 08401
Atlantic City, NJ 08401
Phone: (609) 340-4000
Toll Free Phone: (800) THE-TROP
Website: www.tropicana.net
Toll Free Phone: (800) THE-TROP
Website: www.tropicana.net
| The Tropicana Casino and Resort has luxury ocean view hotel rooms and hotel suites, round-the-clock casino gaming, gourmet dining, live entertainment, the nearby beach and Boardwalk, and a wealth of shopping. |