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Cordish bids on Tropicana

3 Jun 2008

BALTIMORE, Maryland -- As reported by the Baltimore Sun: "The chairman of Baltimore-based Cordish Co., which is expanding into gaming management, confirmed yesterday that it is among a number of bidders vying to acquire Atlantic City's Tropicana Casino and Resort.

"The casino hotel complex lost its gambling license in December and was turned over to a New Jersey-appointed conservator, who is trying to sell the still-operating property.

"The Cordish Co. and gaming industry veteran Dennis Gomes recently formed a gaming management company - Gomes + Cordish Gaming Management LLC - to pursue projects in Atlantic City. Cordish developed and owns the Walk, a $110 million retail project in the resort's core.

"In an e-mail yesterday, Cordish Chairman David S. Cordish said through a spokeswoman that construction will start soon on an expansion of the Walk, and that the company is pursuing other projects in Atlantic City.

"...'The Cordish Co. remains actively involved in bidding on the Tropicana and expanding its holdings in Altantic City,' Arlene Friedman, the spokeswoman, said..."

 
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