Yes the Tropicana Atlantic City, which was “repossessed” by the Casino Control Commission over a year and a half ago, has finally been sold…to Carl Icahn. From the AC Press: Tropicana Casino and Resort, once expected to fetch $1 billion or more, was sold today for $200 million to a group of lenders headed by […]
Our long national nightmare is over Read More »
atlantic city, news about gamblingThe Press reports that the Tropicana Atlantic City is almost ready to go on the block: After a 16-month saga, Tropicana Casino and Resort is one step closer to being sold. New Jersey gaming regulators today authorized the property to be auctioned off in bankruptcy. Gary S. Stein, the state-appointed conservator overseeing the sale, said
Trop sale soon…really Read More »
atlantic city, news about gamblingReading David McKee’s post on the TI sale to Phil Ruffin, something clicked that made me realize the transaction made perfect sense. For a while now, MGM Mirage has been positioning itself as a casino builder and hospitality brand manager. The international moves are ample evidence of that, as are the City Center partnership with
I found this draft that I forgot to post last week, and thought it might be topical. Enjoy. Trop wants to make a comeback in Atlantic City. It’s kind of like asking the girl who dumped you at homecoming to go to the prom. From Newsday: Tropicana Entertainment LLC, whose corporate affiliates were stripped of
When the Trop AC first went on sale (it seems like a decade ago), a newspaper reporter asked me how much I thought it would get. I considered the Sands’ recent selling price and made a quick mental tally of the Trop’s relative size. “$650 million, ” I replied. “Maybe $700 million. The next day,
What’s Trop worth? Read More »
atlantic city, news about gamblingSo how’s the Tropicana in Atlantic City doing these days? I got curious enough today to check out the vox populi of tripadvisor.com. There are reviews for July up, so this reflects the property well after the Columbia Sussex retreat. And most of the people are happy, though the ones who aren’t have some horror
And the phones? What kind of office is this? Ah, it’s OK. Shelly Levine just closed a big deal. None of that will make anything approaching sense if you’ve never seen Glengary Glen Ross, but trust me, it does. All of this is my lead-in to what is surely the casino caper of the decade:
They took the leads? Read More »
atlantic city, news about gamblingJust like the Clinton Administration galvanized and nurtured conservative talk radio during the 1990s, the Tropicana Atlantic City is going to keep me posting. If I still lived in Atlantic City, I’d walk down there every day and probably come back with classic 1000-word posts. Take, for example, this entertainment listing that I found in
No, the Tropicana didn’t sign Celine Dion. Instead, in the best AC tradition, the casino is launching a new advertising campaign to convince visitors that there’s no place for squalor and surliness in the court-appointed conservator-run casino. From the AC Press: Tropicana Casino and Resort is overhauling its battered image with the help of a
A new day at the Trop Read More »
atlantic cityLike most of you, I spent some time this morning browsing through the Mahabharata looking for material for a class. And I was struck by the courtly fashion in which hospitality-related customer complaints were resolved back in Vedic times: And the king having signified his assent, entertained Utanka duly. And Utanka seeing that the food
Customer complaints, the old-fashioned way Read More »
haphazard world