Tropicana Conservator Seeks More Time For Sale

Law360, New York (February 3, 2009, 12:00 AM EST) -- The conservator overseeing the sale of Tropicana Atlantic City Casino and Resort has asked the bankruptcy court for three more months to unload the property as he makes preparations for an auction.

On Monday, retired Justice Gary Stein, the state-appointed trustee for the Tropicana Entertainment LLC casino, revealed that he had petitioned the New Jersey Casino Control Commission for an extension, with the deadline for the sale originally set to expire on Wednesday.

"The conservator's financial advisers are engaged in ongoing negotiations with The Cordish Company...
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