Tropicana Creditors, Debtors Feud Over Casino Sale

Law360, New York (November 12, 2008, 12:00 AM EST) -- The debtors in the Chapter 11 bankruptcy proceedings of casino operator Tropicana Entertainment LLC are locked in a battle with the committee of unsecured creditors over the proposed sale of a casino that the debtors argue is necessary given the turbulent economy.

In a flurry of motions filed Monday and Tuesday in the U.S. Bankruptcy Court for the District of Delaware, the debtors and the committee argued over the sale of Tropicana's Indiana-based riverboat casino, Casino Aztar, to Eldorado Resorts LLC in a $220 million deal...
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