Tropicana owner cedes more control of company

Knightly, Arnold M.
June 2008
Las Vegas Business Press (10712186);6/16/2008, Vol. 25 Issue 24, pP17
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.


Related Articles

  • Tropicana parent files for bankruptcy. Knightly, Arnold M. // Las Vegas Business Press (10712186);5/12/2008, Vol. 25 Issue 19, p15 

    The article reports on the decision of Tropicana Entertainment to file for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware on May 5, 2008 to allow the company to reorganize its debts. It cites the struggle of the gaming company to pay off debts, which resulted largely from its...

  • Tropicana Eyes Loan To Exit Bankruptcy. Kellerhals, Richard // High Yield Report;3/9/2009, Vol. 20 Issue 10, p13 

    The article reports on the 150 million U.S. dollars loan that Tropicana Entertainment, a Las Vegas, Nevada-based casino and riverboat gambling company, is trying to secure as it exits bankruptcy protection in March 2009. The company filed for bankruptcy protection in May 2008. The company has...

  • Tropicana parent has accord with creditors. Knightly, Arnold M. // Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, pP14 

    The article reports that Las Vegas, Nevada-based Tropicana Entertainment has reached agreements with its creditors on a Chapter 11 bankruptcy reorganization plan in March 2009. It is noted that the gaming company has begun distributing ballots to its debtholders, who have until April 17 to vote...

  • Nine casinos in U.S. swept up in Tropicana's Chapter 11 filing.  // International Gaming & Wagering;Jun2008, Vol. 29 Issue 6, p10 

    The article reports on the move of Tropicana Entertainment LLC to file for protection from creditors five months after the closure of its Atlantic City Tropicana Casino and Resort by the New Jersey Casino Control Commission. The filing, which is based under Chapter 11 of the U.S. Bankruptcy...

  • Tropicana may gain control of A.C. casino. P., Shankar // njbiz;3/30/2009, Vol. 22 Issue 13, p2 

    The article reports on the announcement of agreements of Tropicana Entertainment LLC with its creditors that would allow it to emerge from Chapter 11 bankruptcy in March 2009. The agreements are said to strengthen the bid of the firm to regain operational control of its casino in Atlantic City,...

  • Troubled Tropicana files for Chapter 11 haven.  // Casino International;Jun2008, p10 

    The article reports that the casino operator Tropicana Entertainment LLC has filed for bankruptcy protection. President Scott C. Butera stated the company had filed under Chapter 11 of the U.S. bankruptcy code in order to have time to reorganize its debts. Tropicana owns nine casinos in Nevada...

  • S&P: Long-Range Risk in Deluge of New ‘B’ Issuers. Fest, Glen // High Yield Report;7/21/2014, p1 

    The article focuses on a report from financial services company Standard & Poor's (S&P) stating that many single B-rated bond issuers will be at risk of default when an economic slowdown will happen in the U.S. It says that investors concerned the single B-rated companies since few of them has...

  • SLOWLY LOOKING UP. Stutz, Howard // Las Vegas Business Press (10712186);12/27/2010, Vol. 27 Issue 52, pP6 

    The article discusses the declining trend in the gaming industry in Las Vegas, Nevada following the launch of the Cosmopolitan of Las Vegas. Las Vegas decided not to expand beyond its base of around 150,000 hotel rooms other than possible hotel expansions. Tropicana Entertainment, Herbst Gaming,...

  • WHAT YOU'RE READING. Knightly, Arnold M. // Las Vegas Business Press (10712186);5/12/2008, Vol. 25 Issue 19, p18 

    This section offers business news briefs in the U.S. as of May 12, 2008. Tropicana Entertainment has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware to allow the company to reorganize its debts. Steve Wynn, chairman and chief executive officer of Wynn Resorts Ltd., has...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics