 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
Related News
|
Gaming News
Tropicana conservator seeks approval of advisors15 January 2008NEW JERSEY -- As reported by Hotel Interactive: "The Casino Control Commission announced Friday that Tropicana conservator Gary Stein has asked the commission to approve hiring several advisors to help handle an upcoming sale of the property. "'I have asked the commission to approve the retention of an investment banking firm and a law firm that specialize in mergers and acquisitions who will help me develop a process for the sale of the Tropicana and assist me in analyzing any purchase offers we receive,' Stein said. "'I have selected Bear Stearns to serve as my financial advisors and the law firm of Debevoise & Plimpton to serve as my special legal counsel to assist in the sale of the Tropicana,' Justice Stein said. "...The commission voted not to renew the Tropicana's license and found its owners unsuitable on December 12, 2007. "...The Bear Stearns team will be headed by Kenneth Shea and Charles Edelman..." |