Las Vegas (Business Wire) - Tropicana Entertainment, LLC issued the following statement contesting the terms that were revealed today by conservator Justice Gary Stein about The Cordish Company's expression of interest in buying the Tropicana Casino & Resort in Atlantic City. We commend Justice Gary Stein for disclosing some of the terms under which The Cordish Company proposes to purchase the Tropicana Casino & Resort in Atlantic City, New Jersey.
Los Angeles (Reuters) - New Jersey casino regulators said on Tuesday that negotiations were under way to sell Atlantic City's Tropicana Casino and Resort to real estate developer Cordish Co for cash and securities totaling USD 700 million. The New Jersey Casino Control Commission said in a statement that the trustees overseeing the property -- retired state Supreme Court Justice Gary Stein and investment bank Moelis & Co -- had identified Cordish as a leading bidder...
The Cordish Company today opened a temporary casino on the grounds of Indiana Downs, about 20 miles southeast of Indianapolis, Ind. Cordish also is part of a group, with the Hard Rock franchise, bidding to operate a state-owned casino at Kansas Speedway in Kansas City, Kan., that would be the nation’s fourth Hard Rock resort casino. In Indiana, competing Hoosier Park, about 25 miles northeast of Indianapolis opened its casino on the grounds last Monday.
