tropicana hotel and casino in atlantic city

This tremendous financial turnaround would not have been possible without it. 'I would like to thank Carl Icahn, Icahn Enterprises and the Tropicana Board of Directors for their personal support, financial commitment and the confidence that they have shown in Tropicana's management. 'I am incredibly proud of what the entire Tropicana team has been able to accomplish over the past 8 years, taking Tropicana from bankruptcy to one of the industry's true success stories,' said Tony Rodio, President and CEO of Tropicana. 'By hiring a great CEO in Tony Rodio and a great management team, and by reinvesting every single penny of profits back into the company, we turned Tropicana into a great casino company.'

Icahn said that when he acquired an interest in Tropicana in 2008, it was bankrupt yet undervalued. 'The acquisition of seven Tropicana Entertainment properties will allow Eldorado to enter two new gaming jurisdictions and deliver additional financial and geographic diversity to our operating base,' said company chairman and CEO Gary Carano. Upon completion of all pending transactions, Eldorado's property portfolio will feature about 26,800 slot machines and VLTs, more than 800 table games and over 12,500 hotel rooms. These properties include approximately 7,900 slot machines, 265 table games and 5,400 hotel rooms plus dining, retail and entertainment amenities. TABS AND HOLLYWOOD REPORTER OUT) Finacier Carl Icahn is seen being interviewed at 'David Moore's Funny Business Show' at Caroline's on Broadway on Novemin New York City. The Las Vegas company currently owns and runs eight casinos and resorts.Įldorado Resorts is acquiring the operating assets of seven casinos in six states, including two in Nevada - the Tropicana Laughlin Hotel and Casino and the MontBleu Casino Resort & Spa in South Lake Tahoe - as well as casinos in Indiana (Tropicana Evansville) Louisiana (Belle of Baton Rouge Casino & Hotel) Mississippi (Trop Casino Greenville) Missouri (Lumière Place) and New Jersey (Tropicana Casino and Resort, Atlantic City). Icahn Enterprises initially bought a stake in Tropicana in 2008. Today $IEP announced an agreement to sell Tropicana Entertainment for $1.85 billion.

Tropicana hotel and casino in atlantic city