Two Way Hard Three | Las Vegas Casino & Design Blog
All Articles for Category: Columbia Sussex
Vegas Gang #33 - June 18th, 2009
Posted by HunterHappy to be back after a little bit of a break. Lots to talk about, as always.
We discuss:
* MGM Mirage Expands to Egypt
* Tropicana Atlantic City Sells to Ichan
* Fontainebleau Files Chapter 11
* City of Dreams Opens on Cotai
Also, check out WinoTripping.com and Vegas Mate 2.
Feel free to leave your comments below. If it's a question that you want asked on the show, please make that clear in your post. You can also send those to editor@ratevegas.com.
Ichan Group Purchases Tropicana Atlantic City
Posted by HunterAn investment group lead by Carl Ichan has finalized a purchase of the Tropicana in Atlantic City. Ichan has gaming experience having previously owned interests in Arizona Charlie's and The Stratosphere in Las Vegas.
The AC Trop was forced into sale when the NJCC opted not to renew the license of previous owner, Columbia Sussex.
The price for Ichan? $200 million - that's 80% less than the $1B the property was expected to fetch. Amazing.
http://www.lasvegassun.com/news/2009/jun/12/tropicana-atlantic-city-sold-carl-icahn-led-group/
Tropicana 3.0?
Posted by HunterAs has been reported in many corners, plans for changes at the Trop in Las Vegas are moving forward.
This RJ story has the details:
http://www.lvrj.com/business/46897947.html
Even if they pump a $100 million into this place, it will still be the Trop. Don't get me wrong, it could go a long way to clean up the casino floor - new carpets, some paint, etc... but let's not pretend that all of a sudden people are going to mistake it for a five-diamond joint.
Trop 3.0 could do just fine targeting the mid-market.
Tropicana Las Vegas Take Over Plan Continues
Posted by HunterThe private equity takeover plan that includes former MGM Grand exec Alex Yemenidjian seems to be moving forward.
http://www.lasvegassun.com/news/2009/may/15/equity-firm-plans-take-over-tropicana/
Vegas Gang #29 - March 26th, 2009
Posted by HunterWe're back with another episode! It can be downloaded here.
This time around we discuss:
* Casino Photography Rules
* MGM Mirage vs. Dubai World
* Tropicana / Chapter 11
* Las Vegas Sands in Macau
Feel free to leave your comments below.
Tropicana Scraps 10,000 Room Redevelopment Plan
Posted by HunterIn what should come as a surprise to no one, Tropicana Entertainment has confirmed that the plans that would have put 10,000 rooms on that site are dead and any future development could be seven years away.
http://www.lvrj.com/business/31224039.html
It's good to hear they want to put some money into much needed maintenance but if they think that putting a food court by the pool is going to turn this place around, they're insane.
More on Tropicana AC From McKee
Posted by HunterMy friend and fellow Vegas Gang member David McKee put up an interesting post yesterday with a few updates on the status of the forced sale of the Tropicana property in Atlantic City.
http://www.lasvegasadvisor.com/blogs/dmckee/index.cfm/2008/10/9/Trop-this
We've talked about Tropicana Resorts several times on the Vegas Gang Podcast but it seems the news never stops... and for those not reading McKee on a regular basis, you're missing out.
Vegas Gang #18 - October 2nd, 2008
Posted by HunterVegas Gang #18 is online here: http://www.vegasgangpodcast.com
This time around we cover:
* Las Vegas Web Roundup
* Tropicana Resorts Update
* Adelson Lends to Sands
* Sports Book Betting
Feel free to leave your comments below.
Gaming Control Board Recommends Unlicensed Tropicana Take Over
Posted by HunterAnother development in the saga of the Tropicana and Columbia Sussex. This time, the Nevada Gaming Control Board has recommended that the Las Vegas Strip casino be taken over by an unlicensed group of trustees as it progresses through bankruptcy.
http://www.lasvegassun.com/news/2008/aug/06/unlicensed-board-clears-hurdle-control-tropicana/
What's interesting is that they are not licensed employees and that they say that CoSux head Bill Yung is no longer part of the decision making process.
This decision, as well as the recent stoppage at Echelon and other Las Vegas issues will be topics on tomorrow's Vegas Gang.
Tropicana Entertainment to File for Chapter 11
Posted by HunterIt looks like the 'chickens are coming home to roost' for Tropicana Entertainment - in our pre-call bater for Vegas Gang, Jeff Simpson tipped us off to this story.
Thanks to Chuck for the link.
http://ap.google.com/article/ALeqM5jCaSMpwrAzEulgNBAe6Lj0iiHrfQD90FOA480
Columbia Sussex Charging Cards Without Consent?
Posted by HunterThanks to a tip from David McKee comes this story about convention attendees at the Westin Casuarina who, when the convention organizer failed to pay their bill, apparently had their cards charged by the hotel to cover the loss.
http://www.chron.com/disp/story.mpl/ap/tx/5667867.html
If this is true, it is insane. Hopefully we'll hear more on this. The quote from the LVCVA is funny.
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