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Owner of Tropicana Atlantic City questions sale30 September 2008LOS ANGELES, California -- As reported by Reuters: "The former owner of Atlantic City's Tropicana Casino on Monday raised questions about New Jersey's plans to sell the resort to a real estate developer for cash and securities totaling $700 million. "...Tropicana Entertainment, which filed for bankruptcy in May, said in a statement on Monday that it has 'grave concerns about the credibility and financial viability of the terms' surrounding the 'low-ball' bid, including whether Cordish will be able to obtain financing to complete a transaction..." |