|Traded as||OTCQB: TPCA|
|Predecessor||Tropicana Entertainment LLC|
Number of locations
(president & CEO)
|Owner||Icahn Enterprises (65%)|
Tropicana Entertainment Inc. is a publicly traded gaming company that owns and operates eight casinos and resorts in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey and Aruba. Tropicana properties collectively have approximately 5,500 rooms, 8,000 slot positions and 270 table games. The company is based in Paradise, Nevada.
In January 2007, Columbia Sussex acquired Aztar Corporation, owner of the Tropicana casinos in Las Vegas and Atlantic City, and three other casinos, for $2.1 billion. A new subsidiary, Tropicana Entertainment LLC, was created to hold the combined company's casinos. After losing control of its largest property, the Tropicana Atlantic City, the new company was quickly forced into bankruptcy in May 2008. While in bankruptcy, the Tropicana Las Vegas was split off as a separate entity.
The rest of the company emerged from bankruptcy on March 8, 2010 as Tropicana Entertainment Inc., under the leadership of investor Carl Icahn. On the same day, it regained control of the Tropicana Atlantic City, which Icahn and other investors had bought for $200 million in canceled debt. In approving the transfer, the Casino Control Commission stressed that Tropicana was a "different company" than the company that had lost its license in 2007.
In 2012, the company closed the Jubilee casino and consolidated its operations into the Lighthouse Point casino, which was expanded and rebranded as the Trop Casino Greenville.
In May 2013, Tropicana agreed to sell the River Palms for $7 million to M1 Gaming, owner of Boomtown Casino & Hotel Reno, but the sale never went through. In July 2014, Tropicana instead agreed to sell the River Palms for $6.75 million to the owners of Dotty's.
- Belle of Baton Rouge — Baton Rouge, Louisiana
- Lumière Place — St. Louis, Missouri
- MontBleu Resort Casino & Spa — Stateline, Nevada
- Trop Casino Greenville — Greenville, Mississippi
- Tropicana Aruba — Noord, Aruba
- Tropicana Atlantic City — Atlantic City, New Jersey
- Tropicana Evansville — Evansville, Indiana
- Tropicana Laughlin — Laughlin, Nevada
- Trump Taj Mahal — Atlantic City, New Jersey
- Bayou Caddy's Jubilee Casino — Greenville, Mississippi
- Casino Aztar — Caruthersville, Missouri (now Lady Luck Casino Caruthersville)
- Horizon Casino Resort — Stateline, Nevada (now Hard Rock Hotel & Casino Lake Tahoe)
- Horizon Vicksburg Casino — Vicksburg, Mississippi (now Grand Station Vicksburg)
- River Palms Casino — Laughlin, Nevada (now Laughlin River Lodge)
- Tropicana Resort and Casino — Las Vegas, Nevada
- Chasan, Emily (8 March 2010). "Tropicana casinos exit bankruptcy under Icahn deal". Reuters. Retrieved 17 March 2012.
- "Atlantic City’s Tropicana sale to Carl Icahn done deal". Las Vegas Sun. Associated Press. 8 March 2010. Retrieved 18 March 2012.
- Wittkowski, Donald (26 August 2009). "Icahn-led group approved for Tropicana ownership". Press of Atlantic City. Retrieved 18 March 2012.
- Tangent Gaming (14 April 2011). "Tangent Gaming Announces Acquisition of Horizon Casino Hotel from Carl Icahn`s Tropicana Entertainment Inc.". Reuters. Retrieved 18 March 2012.
- "New Casino Opens In Vicksburg". WAPT 16. 2 June 2011. Retrieved 18 March 2012.
- Chinn, Everett (April 29, 2012). "Fanfare planned for Trop opening". Delta Democrat Times (Greenville, MS). – via NewsBank (subscription required)
- Bill O'Driscoll (May 1, 2013). "Boomtown owner to acquire Laughlin hotel-casino". Reno Gazette-Journal. Retrieved 2013-05-01.
- "Agreement struck to sell River Palms". Laughlin Nevada Times. July 2, 2014. Retrieved 2014-07-06.
- "Tropicana Entertainment Inc. announces completed purchase of Lumiere Place Casino & hotels in St. Louis, Missouri" (Press release). Tropicana Entertainment. April 1, 2014. Retrieved 2015-02-10 – via PR Newswire.