tropicana
Eldorado Resorts to Acquire Tropicana Entertainment in Accretive Transaction Valued at $1.85 Billion
Eldorado Resorts, Inc. | April 16, 2018
RENO, Nev. - April 16, 2018 - Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado" or the "Company") announced today that it entered into a definitive agreement to acquire Tropicana Entertainment Inc. (OTCQB: TPCA) ("Tropicana") in a cash transaction that is valued at $1.85 billion. The definitive agreement provides that Gaming and Leisure Properties (NASDAQ: GLPI) ("GLPI") will pay $1.21 billion, excluding taxes and expenses, for substantially all of Tropicana's real estate and enter into a master lease with Eldorado for the acquired real estate and that Eldorado will fund the remaining $640 million of cash consideration payable in the acq...
Tropicana Entertainment and Trump Taj Mahal Associates Enter into Management Agreement for Trump Taj Mahal
Tropicana Entertainment | March 2, 2016
ATLANTIC CITY, N.J., March 2, 2016 -- Tropicana Entertainment Inc. ("Tropicana") and Trump Taj Mahal Associates, LLC ("TTMA") announced today that on March 1, 2016 they entered into a management agreement pursuant to which a wholly-owned subsidiary of Tropicana will manage the Trump Taj Mahal Casino Hotel ("Taj Mahal") and provide consulting services relating to the former Plaza Hotel and Casino in Atlantic City, New Jersey. Both the Tropicana and TTMA are subsidiaries of Icahn Enterprises LP (Nasdaq: IEP). "We are pleased to make this announcement today and are excited to take on a management role at ...
Tropicana Atlantic City Antes Up Another $25 Million for One More Round of Renovations
Tropicana Atlantic City | January 29, 2016
ATLANTIC CITY, N.J., Jan. 29, 2016 -- Tropicana Atlantic City is at it again. In a continuing pledge to deliver MORE fun, value and variety, Tropicana has announced another round of renovations to the tune of $25 million. A significant part of these enhancements is the renovation of 500 Havana Tower hotel rooms. This contemporary redesign includes new carpeting, textured wall coverings, spa-inspired bathrooms with large walk-in showers and modern artwork. Additional plans include renovation of the South Tower casino to match the North Tower casino's modern and upscale décor upgrades; the addition of a new high- limit slot are...
Tropicana Entertainment Reveals Plans for $50M Land Based Casino Development at Tropicana Evansville
Tropicana Entertainment | November 25, 2015
EVANSVILLE, Ind., Nov. 25, 2015 -- Tropicana Entertainment Inc. ("Tropicana") announced today its plans for a land based casino development project at its Tropicana Evansville, Indiana property. The development project envisions an approximately 75,000 sq. ft. single-level casino and entertainment facility, at an estimated cost of approximately fifty million ($50,000,000.00) dollars. The new casino would be situated on land owned by Tropicana between its existing hotels, Tropicana Evansville Hotel and the LeMerigot Hotel, and would replace Tropicana's current riverboat casino. In conjunction with the announcement of the de...
