New Jersey regulators authorize bankruptcy sale for Atlantic City’s Tropicana

September 16th, 2009 Nortel bankruptcy judge denies Verizon objectionWILMINGTON, Del. — The judge presiding over the Nortel Networks bankruptcy has ruled against an objection by Verizon Communications Inc.

September 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.

September 10th, 2009 August another doggone bad month for AC casinosATLANTIC CITY, N.J. — If the nation's second-largest gambling market was to have a good month this year, August would have been it: The rain finally stopped and visitors flocked to Atlantic City's 11 casinos.

August 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.

July 31st, 2009 APNewsBreak: NJ could force sale of half BorgataATLANTIC CITY, N.J. — One of the co-owners of Atlantic City's top casino could be forced to sell its 50 percent stake as a result of concerns by New Jersey officials over alleged organized crime ties of its partner in a Chinese casino venture.

July 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.

July 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.

June 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.

June 12th, 2009 Icahn investor group gets AC Tropicana for cheapCAMDEN, N.J. — Billionaire investor Carl Icahn is back in the Atlantic City casino business.

June 2nd, 2009 NJ casino halts table games to honor slain workerATLANTIC CITY, N.J. — An Atlantic City casino is shutting down its table games for part of the day to honor the memory of a slain worker.

June 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.

May 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.

May 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.

April 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.

April 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.