Judge approves Sun-Times sale, unions expected to approve contract changesOctober 8th, 2009 Bankruptcy judge approves Sun-Times saleWILMINGTON, Del. — A Delaware bankruptcy judge on Thursday approved the sale of the Chicago Sun-Times and other newspapers owned by its parent company to a group led by Chicago businessman Jim Tyree.
Judge approves sale of Thistledown track by Magna Entertainment to Harrah'sSeptember 15th, 2009 Magna bankruptcy judge approves Thistledown saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved the sale of Magna Entertainment Corp.'s Thistledown race track in Ohio for $89.5 million.
A look at Atlantic City's casino labor situationSeptember 15th, 2009 A look at Atlantic City's casino labor situationWHAT: Two unions — Local 54 of UNITE-HERE, representing 15,000 room cleaners, beverage servers and other workers at all 11 Atlantic City casinos, and the United Auto Workers, which represents about 3,000 dealers, technicians and other workers at four casinos — are bargaining with the gambling houses. WHAT'S AT STAKE: Local 54 is seeking a new two- or three-year contract and is farther along in talks than the UAW, which is seeking first-ever dealer contracts with the Tropicana Casino and Resort, Bally's Atlantic City, Caesars Atlantic City and Trump Plaza Hotel and Casino.
Group led by investor Carl Icahn gets NJ casino regulators' approval to buy TropicanaAugust 26th, 2009 NJ approves new Tropicana ownership led by IcahnATLANTIC CITY, N.J. — New Jersey regulators approved a plan Wednesday for the former corporate parent of Atlantic City's bankrupt Tropicana Casino and Resort to operate the business again as a reorganized company owned by a group of investors led by billionaire Carl Icahn.
Icahn rep says new owners will take 'conservative' approach to running NJ's TropicanaJuly 27th, 2009 Icahn rep: Will be 'conservative' at NJ TropicanaATLANTIC CITY, N.J. — The new owners of the Tropicana Casino and Resort plan to take "a pretty conservative approach" to spending money on additions to the gambling hall, a company official said Monday.
Tropicana Las Vegas emerges from bankruptcy with new ownersJuly 3rd, 2009 Tropicana Las Vegas emerges from bankruptcyLAS VEGAS — Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong bankruptcy process.
Bankruptcy judge OK's GM motion to terminate aircraft leasesJune 18th, 2009 Judge approves termination of GM aircraft leasesNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.
Sold! Icahn group gets Atlantic City Tropicana at bankruptcy auction for 80 percent offJune 12th, 2009 Icahn group buys AC Tropicana casino, 80 pct offCAMDEN, N.J. — Billionaire investor Carl Icahn is back in the Atlantic City casino business for what amounts to at least 80 percent off.
Perfect timing helps debt holder group including Icahn land Atlantic City's Tropicana casinoJune 1st, 2009 Perfect timing helps Icahn group land AC TropicanaATLANTIC CITY, N.J. — Who says you can't time the market?
When the Tropicana Casino and Resort was put up for sale in Jan.
Investor group including Icahn appears to be winner of Atlantic City's Tropicana casinoMay 30th, 2009 Icahn group appears to be winner of NJ TropicanaATLANTIC CITY, N.J. — A group including billionaire investor Carl Icahn appeared to have won the right to buy the Tropicana Casino and Resort at the bargain price of $200 million after no additional bids were submitted by the Friday deadline.
No new bids submitted for NJ Tropicana casino, but lawyer says late offer may materializeMay 30th, 2009 No new NJ Tropicana bids, but late offer may comeATLANTIC CITY, N.J. — No new bids for the Tropicana Casino and Resort were submitted by the Friday deadline, but a lawyer involved in the bankruptcy court auction said an after-hours offer from a potential purchaser might still materialize.
Bankruptcy judge approves proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge approves Magna Entertainment asset saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of horse track owner Magna Entertainment Corp.
New Jersey regulators authorize bankruptcy sale for Atlantic City's TropicanaApril 29th, 2009 Bankruptcy sale authorized for NJ casino TropicanaATLANTIC CITY, N.J. — The Tropicana Casino and Resort in Atlantic City, N.J., is about to enter bankruptcy court, where it will be auctioned off to the highest bidder.
NJ regulators authorize bankruptcy sale for Atlantic City's TropicanaApril 29th, 2009 Bankruptcy sale authorized for AC TropicanaATLANTIC CITY, N.J. — The Tropicana Casino and Resort in Atlantic City, N.J., will be auctioned off to the highest bidder in U.S.
New Jersey regulators authorize cut-price auction for Atlantic City's Tropicana CasinoApril 29th, 2009 NJ OKs cut-price auction for Atlantic City casinoATLANTIC CITY, N.J. — New Jersey regulators on Wednesday authorized what could be an 80 percent-off sale for one of Atlantic City's largest casinos, permitting the Tropicana Casino and Resort to be sold in a bankruptcy court auction.
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