Tropicana Entertainment
Eldorado Resorts and Gaming and Leisure Properties | |
Headquarters | , |
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Tropicana Entertainment Inc. was a
History
In January 2007,
The rest of the company emerged from bankruptcy on March 8, 2010, as Tropicana Entertainment Inc., under the leadership of investor Carl Icahn.[2] On the same day, it regained control of the Tropicana Atlantic City, which Icahn and other investors had bought for $200 million in canceled debt.[3] In approving the transfer, the Casino Control Commission stressed that Tropicana was a "different company" than the company that had lost its license in 2007.[4]
In March 2011, Tropicana sold the Horizon Casino in Vicksburg to a partnership of Tangent Gaming and Great Southern Investment Group, who renamed it as the Grand Station Hotel and Casino.[5][6]
In 2012, the company closed the Jubilee casino and consolidated its operations into the Lighthouse Point casino, which was expanded and rebranded as the Trop Casino Greenville.[7]
In May 2013, Tropicana agreed to sell the
In March 2014, it was announced that the company's lease to operate the
In April 2014, Tropicana acquired
The company assumed management of the
In April 2018, the company agreed to be acquired for $1.85 billion by
Casinos
The properties owned by the company at the time of its acquisition were:
- Belle of Baton Rouge — Baton Rouge, Louisiana
- St. Louis, Missouri
- MontBleu — Stateline, Nevada
- Trop Casino Greenville — Greenville, Mississippi
- Noord, Aruba
- Tropicana Casino & Resort Atlantic City — Atlantic City, New Jersey
- Tropicana Evansville — Evansville, Indiana
- Tropicana Laughlin — Laughlin, Nevada
Previous casinos
- Bayou Caddy's Jubilee Casino — Greenville, Mississippi
- Casino Aztar — Lady Luck Casino Caruthersville)
- Horizon Casino Resort — Stateline, Nevada (now Hard Rock Hotel and Casino (Stateline))
- Horizon Vicksburg Casino — Vicksburg, Mississippi (now Grand Station Vicksburg)
- River Palms — Laughlin, Nevada (now Laughlin River Lodge)
- Tropicana Las Vegas — Las Vegas, Nevada
- Trump Taj Mahal — Atlantic City, New Jersey (management only; closed on October 10, 2016; now Hard Rock Hotel & Casino Atlantic City)
References
- ^ "Carl Icahn sells Tropicana casinos in $1.85 billion deal". Reuters. 16 April 2018. Archived from the original on 2022-12-07.
- ^ Chasan, Emily (8 March 2010). "Tropicana casinos exit bankruptcy under Icahn deal". Reuters. Retrieved 17 March 2012.
- ^ "Atlantic City's Tropicana sale to Carl Icahn done deal". Las Vegas Sun. Associated Press. 8 March 2010. Retrieved 18 March 2012.
- ^ Wittkowski, Donald (26 August 2009). "Icahn-led group approved for Tropicana ownership". Press of Atlantic City. Retrieved 18 March 2012.
- ^ Tangent Gaming (14 April 2011). "Tangent Gaming Announces Acquisition of Horizon Casino Hotel from Carl Icahn's Tropicana Entertainment Inc". Reuters. Archived from the original on 1 February 2013. Retrieved 18 March 2012.
- ^ "New Casino Opens In Vicksburg". WAPT 16. 2 June 2011. Retrieved 18 March 2012.[permanent dead link]
- ^ Chinn, Everett (April 29, 2012). "Fanfare planned for Trop opening". Delta Democrat Times. Greenville, MS. – via NewsBank (subscription required)
- ^ Bill O'Driscoll (May 1, 2013). "Boomtown owner to acquire Laughlin hotel-casino". Reno Gazette-Journal. Retrieved 2013-05-01.
- ^ "Agreement struck to sell River Palms". Laughlin Nevada Times. July 2, 2014. Retrieved 2014-07-06.
- ^ "South Shore's Horizon Casino Resort to Close April 1".
- ^ "Tropicana Entertainment Inc. announces completed purchase of Lumiere Place Casino & hotels in St. Louis, Missouri" (Press release). Tropicana Entertainment. April 1, 2014. Retrieved 2015-02-10 – via PR Newswire.
- ^ Form 10-Q: Quarterly Report (Report). Tropicana Entertainment. May 3, 2016. p. 15 – via EDGAR.
- ^ "City Loses Trump Taj Mahal After 26 Years".
- ^ Velotta, Richard N. (April 16, 2018). "$1.85B deal merges Tropicana Entertainment, Eldorado Resorts". Las Vegas Review-Journal. Retrieved 2018-04-23.
- ^ "Icahn Enterprises L.P. announces definitive agreement to sell Tropicana Entertainment Inc. for $1.85 billion" (Press release). Icahn Enterprises. April 16, 2018. Retrieved 2018-04-23 – via GlobeNewswire.
- ^ a b Form 8-K: Current Report (Report). Tropicana Entertainment. October 1, 2018. p. 2 – via EDGAR.
- ^ David Danzis (October 2, 2018). "Tropicana sale to Eldorado Resorts complete". Press of Atlantic City. Retrieved 2018-10-11.