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Tropicana Las Vegas emerges from bankruptcy

Associated Press, Saturday, July 4, 2009 at 9:50:20 AM

Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners.

Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong bankruptcy process.

The new owners took over the property Thursday from the Las Vegas-based Tropicana Entertainment LLC.

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