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Gomes, Cordish group bids for Tropicana

18 Mar 2008

ATLANTIC CITY, New Jersey -- As reported by the Press of Atlantic City: "A former Atlantic City gaming executive who was unsuccessful in attempts to buy Donald Trump's casino company last year has teamed with real estate developer Cordish Co. to make a bid for Tropicana Casino and Resort.

"Dennis Gomes, who served as Tropicana's chief executive when the Boardwalk casino was formerly owned by Aztar Corp., is partners with Baltimore-based Cordish in Cordish Gaming Management. The amount of their bid was not divulged.

"...Another bid for Tropicana has been made by a private investment group headed by New York developer Joseph Palladino. The Palladino bid is $950 million, according to J. Rosa, a spokes-man for the group.

"...Cordish Co. is one of the country's best known urban developers.

"Cordish's bid for Tropicana reflects the company's desire to add casinos to its real estate empire. Gomes and Cordish formed a gaming management company last year to develop new casinos, including projects in Indiana and Kansas.

"...Gomes has been in the Las Vegas and Atlantic City casino business for 35 years. He left Aztar in 2005 amid a management shake-up. Since then, he has looked for opportunities in the Atlantic City market, including a failed bid to buy Trump Entertainment Resorts Inc. last summer. In the 1990s, Gomes served as president of Trump Taj Mahal Casino Resort..."

copyrighted material written for and appeared exclusively in The Press of Atlantic City

 
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