Wednesday, December 12, 2007

Trop Denied License

This was on the Press of Atlantic City website.


Tropicana's casino operating license was denied by the Casino Control Commission. It was only the second time in the 29-year history of Atlantic City casino gambling that a re-licensing was denied. The Commission cited mass layoffs and an "abysmal performance by owner Columbia Sussex Corp to comply with regulatory standards."

The casino will remain open under the supervision of a retired state Supreme Court justice, Gary S. Stein.

However, Columbia Sussex Corp., which owns the Tropicana, will have to seek a buyer, said commission spokesman Dan Heneghan.

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