Tropicana Entertainment Inc. Acquires The Chelsea Hotel in Atlantic City, New Jersey

Tropicana Entertainment | July 7, 2017

ATLANTIC CITY, N.J., July 7, 2017 -- Tropicana Entertainment Inc. (the "Company") announced today that its subsidiary, Tropicana Atlantic City Corp., has acquired The Chelsea Hotel in Atlantic City, New Jersey. The Company plans to integrate The Chelsea Hotel, which is located directly across Morris Avenue from Tropicana Atlantic City, into Tropicana Atlantic City's existing operations as "The Chelsea Tower at Tropicana Atlantic City", and expects to open The Chelsea Tower in August 2017. The Chelsea Tower will not be part of the PILOT program, and will remain subject to local property taxation. "We are plea...