Latest Casino News
New Jersey Gambling News Brief
NJ approves Tropicana Atlantic City auction
Wednesday, April 29, 2009 at 3:06:22 PM
New Jersey regulators on Wednesday approved plans to auction the Tropicana Casino Resort in Atlantic City through a bankruptcy court, with a $200 million offer from a group of its lenders, including billionaire investor Carl Icahn, serving as a floor for bids.
"This bankruptcy filing is not the result of financial distress, but it is one that will allow the conservator to sell the casino hotel complex free of all liens and encumbrances," Linda Kassekert, chairwoman of the New Jersey Casino Control Commission, said in a statement.
The deadline for selling the property was extended to the end of this year.
...read the source
Note: The links to older news stories hosted on other servers often no longer function. We apologize for any inconvenience.
...tabbed details about Tropicana Casino and Resort
...top detail page for Tropicana Casino and Resort
Our USCF Casino News is also available as a free-subscription News Feed.