tropicana entertainment
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 Appoints Brian Marsh General Manager of Lumière Place Casino & Hotels
January 20, 2016
ST. LOUIS, Jan. 20, 2016 -- Tropicana Entertainment Inc. announces the appointment of Brian Marsh as General Manager of its Lumière Place Casino and Hotels in St. Louis, Missouri. Mr. Marsh's appointment is subject to licensing by the Missouri Gaming Commission. Drawing on more than two decades of experience in the casino industry, Mr. Marsh is responsible for overall operations at Lumière Place. Prior to joining Tropicana, Mr. Marsh was based in Indiana. For ten years, he held multiple roles at French Lick Resort & Casino, ultimately earning the title of General Manager. During his tenure, he oversaw the grand ope...
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...
Timothy Tretton Joins Tropicana Entertainment as General Manager of MontBleu Resort Casino & Spa
Tropicana Entertainment Inc. | August 27, 2015
LAKE TAHOE, Nev., Aug. 27, 2015 -- Tropicana Entertainment Inc., one of the most respected companies in the gaming industry, announced today the appointment of Timothy Tretton as General Manager of Lake Tahoe's MontBleu Resort Casino & Spa. "We were looking for an entrepreneurial, future-focused leader and Tim certainly fits the bill," said Tony Rodio, President and Chief Executive Officer of Tropicana. "We are proud to have him join the Tropicana team, and look forward to the many contributions he will make to the continued growth and success of the company." Mr. Tretton brings 37 years of valuable gaming industry experience to his...
