Tropicana Signals Reorganization Strategies

Law360, New York (November 10, 2008, 12:00 AM EST) -- Providing an outline for a Chapter 11 reorganization plan, bankrupt casino operator Tropicana Entertainment LLC has released a preliminary business plan, signaling its strategies to reposition the company in the entertainment and gaming market.

The plan focuses on internally funded improvements of operations, the company said, and all of the properties in Tropicana's portfolio are addressed in the business plan, without regard to the current status of operational control or potential upcoming property sales.

Under the plan's estimate, 11 properties will produce a net revenue of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.