Will Icahn Save The Atlantic City Tropicana Resort?

Billionaire investor Carl Icahn, among others, acquired the Tropicana Casino and Resort in Atlantic City, New Jersey on Monday, buying up the defunct hotels $200 million in debt for just 27 cents on the dollar.

Initial reports are that the investment group will remain conservative in its plans to rebuild the once majestic resort and gambling house.  Former executive William Yung III had inflicted much damage on the image of the hotel after instituting drastic cost cutting measures including the elimination of nearly 1,000 employees.  The cost cutting measures came at the price of severely damaging the Atlantic City casinos brand.

« Sports Betting To Lift Economy In Atlantic City New Jersey? | Home | Atlantic City New Jersey Unemployment Help »

• Recent Posts

  • Atlantic City New Jersey Casinos Continue To Flounder
  • Atlantic City New Jersey Unemployment Help
  • Will Icahn Save The Atlantic City Tropicana Resort?
  • Sports Betting To Lift Economy In Atlantic City New Jersey?
  • Will The Revel In Atlantic City Prove a New Business Model?

• Contact Us

  You can contact our law firm for a FREE consultation by phone at 877-463-0036
  
  -OR-
  
  By filling out the form on the right side of our website.
  
  Dion and Goldberger
  40 Chelsea Ct
  P.O. Box 1012
  Atlantic City NJ 08404-1012