Tropicana Entertainment Inc. is an openly traded game company that owns and operates casinos and resorts in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey and Aruba. The Tropicana property collectively has about 5,500 rooms, 8,000 slot positions, and 270 game tables. The company is based in Spring Valley, Nevada, and majority owned by Icahn Enterprises. Eldorado Resorts and Gaming and Leisure Properties have agreed to get it for $ 1.85 billion.
Video Tropicana Entertainment
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In January 2007, Columbia Sussex acquired Aztar Corporation, the owner of Tropicana casinos in Las Vegas and Atlantic City, and three other casinos, for $ 2.1 billion. The new subsidiary, Tropicana Entertainment LLC, was created to hold a joint corporate casino. After losing control of its largest property, Tropicana Atlantic City, the new company was quickly forced to bankrupt in May 2008. While in bankruptcy, the Tropicana Las Vegas split as a separate entity.
The rest of the company emerged from bankruptcy on March 8, 2010 as Tropicana Entertainment Inc., under the leadership of investor Carl Icahn. On the same day, he regained control of Tropicana Atlantic City, which Icahn and other investors have bought $ 200 million in canceled debts. In approving the transfer, the Casino Control Commission emphasized that Tropicana was a "different company" than a company that had lost its license in 2007.
In March 2011, Tropicana sold Horizon Casino in Vicksburg to Tangent Gaming partnership and Great Southern Investment Group, which named it Grand Station Hotel and Casino.
In 2012, the company closed the Jubilee casino and consolidated its operations to the Lighthouse Point casino, which was expanded and branded to Trop Casino Greenville.
In May 2013, Tropicana agreed to sell River Palms for $ 7 million to M1 Gaming, owner of Boomtown Reno, but its sales never worked. In July 2014, Tropicana even agreed to sell River Palms for $ 6.75 million to Dotty owners.
In April 2014, Tropicana acquired LumiÃÆ'¨re Place, HoteLumiÃÆ'¨re, and Four Seasons Hotel St. Louis from Pinnacle Entertainment for $ 260 million.
The company assumes the management of Trump Taj Mahal in Atlantic City after Icahn Enterprises buys the casino holding company.
In April 2018, the company agreed to be acquired for $ 1.85 billion by Eldorado Resorts and Gaming and Leisure Properties (GLP). GLP will pay $ 1.21 billion to buy Tropicana casinos and land, while Eldorado will earn Tropicana Entertainment for $ 640 million, and rent a casino from GLP. The agreement does not include Tropicana Aruba, which Tropicana will need to dispose of before the acquisition.
Maps Tropicana Entertainment
Casino
- Belle of Baton Rouge - Baton Rouge, Louisiana
- LumiÃÆ'¨re Place - St. Louis, Missouri
- MontBleu Resort Casino & amp; Spa - Stateline, Nevada
- Trop Casino Greenville - Greenville, Mississippi
- Tropicana Aruba - Noord, Aruba
- Tropicana Atlantic City - Atlantic City, New Jersey
- Tropicana Evansville - Evansville, Indiana
- Tropicana Laughlin - Laughlin, Nevada
Previous Casino
- Casino Jubilee Bayou Caddy - Greenville, Mississippi
- Aztar Casino - Caruthersville, Missouri (now Lady Luck Casino Caruthersville)
- Horizon Casino Resort - Stateline, Nevada (now Hard Rock Hotel & Casino Lake Tahoe)
- Horizon Vicksburg Casino - Vicksburg, Mississippi (now Grand Station Vicksburg)
- River Palms Casino - Laughlin, Nevada (now Laughlin River Lodge)
- Tropicana Las Vegas - Las Vegas, Nevada
- Trump Taj Mahal - Atlantic City, New Jersey (management course closed in October 2016)
References
External links
- Tropicana Entertainment Inc.
Source of the article : Wikipedia
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