Ex-owners want to regain control of Tropicana casino
11 September 2008ATLANTIC CITY, New Jersey -- As reported by The Press of Atlantic City: "The company that was stripped of its ownership of Tropicana Casino and Resort nine months ago will try to regain control of the troubled property now that it has restructured its management ranks and board of directors.
"As expected, Tropicana Entertain-ment LLC filed papers Friday in U.S. Bankruptcy Court stating it plans to ask the New Jersey Casino Control Commission to give it back ownership. The Press of Atlantic City reported in July that the company would make such a request.
"Tropicana lost its license in December after Tropicana Enter-tainment, its affiliates and former chief executive officer William J. Yung III were deemed unsuitable owners. Under Tropicana Enter-tainment's control, the casino was plagued by declining revenue, regulatory violations, mass layoffs and customer complaints of unsanitary conditions ranging from filthy rooms to overflowing toilets..."
copyrighted material written for and appeared exclusively in The Press of Atlantic City