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New Jersey Gambling News Brief

Tropicana Selling Three Casinos

Associated Press,  Monday, December 17, 2007 at 5:31:46 PM

Tropicana Entertainment LLC plans to sell its Casino Aztar in Evansville, Ind. as part of the fallout from the denial of its Atlantic City license last week.

In addition to the Indiana facility, the company is selling the Tropicana in Atlantic City, and has already signed a contract to sell the Horizon Casino Hotel, a riverboat casino it owns in Vicksburg, Miss.

Word of the sales came as the company made a crucial interest payment Monday on its credit agreement, and said it was working on reaching an agreement with its lenders that would prevent it from filing for bankruptcy.

...read the source
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