Tag Archive | "tropicana"

Tropicana Entertainment Seeks Better Sale Price

Tropicana entertainment files a motion in U.S. bankruptcy court to fetch a better sale price for its Indiana casino. That happened the same day two unions voted in favor of a new contract at the group’s Las Vegas property. The company wants to get a higher bid for its Evansville, Indiana property. Tropicana already agreed to sell the [...] [...more]

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Tropicana Buyer Gambled Big, Fell Hard

A year and a half after Bill Yung paid $2.8 billion for Aztar Corp. and its Tropicana casinos in Las Vegas and Atlantic City, his casino company filed for Chapter 11 bankruptcy protection and he was forced out of his job. Yung isn’t the first executive to stumble in the deceptively profitable casino business. But his [...] [...more]

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