Tropicana Files for Bankruptcy Protection
Tuesday May 6, 2008
USA Today reports that Tropicana Entertainment has filed for Chapter 11 bankruptcy protection. Tropicana owns casinos in five states, including the well-known Tropicana Casino and Resort in Las Vegas.
Tropicana plans to continue operating its casinos in Nevada, Indiana, Mississippi and Louisiana, although it is in the process of selling two of the properties. The company lost its license to operate the Tropicana Casino and Resort in Atlantic City, N.J., last December, and is being forced to sell it.
Photo © Ethan Miller / Getty Images
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