Friday, July 3, 2009

Tropicana Las Vegas emerges from bankruptcy

Tropicana Las Vegas has come out on the other side of its bankruptcy woes with a new leader and the bulk of its financial burden gone.
The Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas property when it emerged from bankruptcy Wednesday.
The new owners took over the property right after midnight this morning from the Tropicana’s former parent company, the Las Vegas-based Tropicana Entertainment LLC, and have promised to return the Tropicana to its “glory.”

Read more:
http://www.lasvegassun.com/news/2009/jul/02/yemenidjian-takes-reins-tropicana-las-vegas/

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