Tropicana's ex-owner says casino is worth $950 million in cash

3 Oct 2008

ATLANTIC CITY, New Jersey -- As reported by the Press of Atlantic City: "Tropicana Casino and Resort's former owner says the troubled gaming hall is worth nearly $1 billion and will try to regain control of it as plans move ahead with a sale.

"Tropicana Entertainment LLC, which was stripped of its New Jersey gaming license last December, told the U.S. Bankruptcy Court on Thursday that the 'minimum acceptable sale price"'for the casino is $950 million in cash.

"That figure far exceeds the $700 million offer in cash and notes submitted by the Cordish Co., a Baltimore developer that has been designated Tropicana's lead bidder in an upcoming bankruptcy auction..."

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

Language: Any Language Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Related Links Tropicana Atlantic City Details
	Tropicana's ex-owner says casino is worth $950 million in cash 3 Oct 2008 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> ATLANTIC CITY, New Jersey -- As reported by the Press of Atlantic City: "Tropicana Casino and Resort's former owner says the troubled gaming hall is worth nearly $1 billion and will try to regain control of it as plans move ahead with a sale. "Tropicana Entertainment LLC, which was stripped of its New Jersey gaming license last December, told the U.S. Bankruptcy Court on Thursday that the 'minimum acceptable sale price"'for the casino is $950 million in cash. "That figure far exceeds the $700 million offer in cash and notes submitted by the Cordish Co., a Baltimore developer that has been designated Tropicana's lead bidder in an upcoming bankruptcy auction..." copyrighted material written for and appeared exclusively in The Press of Atlantic City

Related Links

Tropicana's ex-owner says casino is worth $950 million in cash