TITLE

Tropicana owner cedes more control of company

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
June 2008
SOURCE
Las Vegas Business Press (10712186);6/16/2008, Vol. 25 Issue 24, pP17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Bill Yung III is giving up more control of Tropicana Entertainment and considering moving its office to Las Vegas, Nevada. The entry notes that Yung resigned from his position as chief executive officer (CEO) and has turned over operations to company president Scott Butera after the company filed for Chapter 11 bankruptcy protection in Delaware. It cites that Tropicana Entertainment was trying to restructure part of its $3 billion debt and subsequently incurred financial losses because of the economic downturn.
ACCESSION #
33947387

 

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