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Tropicana Entertainment gets notice of default

30 April 2008

LOS ANGELES, California -- As reported by Reuters: "Tropicana Entertainment LLC said on Tuesday that subsidiary Tropicana Las Vegas Resort and Casino LLC had received a default notice from the agent for lenders on a $440 million loan.

"Tropicana said the default notice from Credit Suisse stated that the borrower had failed to deliver the certificate of its calculation of excess cash flow for the year ended Dec. 31, 2007 by the required due date.

"The notice also detailed other missed covenants, the company said..."

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Tropicana Entertainment gets notice of default is republished from Online.CasinoCity.com.