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Trump Marina Sale Is Off

The sale of the Trump Marina to Coastal Development for a conversion into a Margaritaville Casino has been stopped due to the parties not being able to agree on terms of the sale.

Jul. 9, 2009 | Andrew Calvo | 0 comments | Continued
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Icahn Doesn’t Own The Tropicana Yet..

Even though the Tropicana Atlantic City has filed for bankruptcy and Carl Icahn has a signed sales agreement in place to purchase the asset – that doesn’t mean that he automatically will own it.

Apr. 30, 2009 | Andrew Calvo | 0 comments | Continued
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Carl Icahn Close To Getting The Tropicana Atlantic City

Unless other bidders come out – Carl Icahn looks like he may be the newest owner of the Tropicana Atlantic City using a combination of cash and the bonds he already owns in the property as payment. This is a road Icahn has been down in the past – and is similar to what he’s also currently doing with MGM Mirage.

Apr. 25, 2009 | Andrew Calvo | 0 comments | Continued
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Dubai World Giving MGMMirage It’s Biggest Problem Yet

Dubai World has sued MGM Mirage to stop having to put money into the CityCenter Project – but this move may put MGMMirage in bankruptcy.

Mar. 24, 2009 | Andrew Calvo | 0 comments | Continued
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Tropicana’s New Marketing Push Mainly Intended For Las Vegas Property

Last week I wrote about the rebranding attempt by the owners of the Tropicana Atlantic City.. The only problem was the rebranding was mainly intended for the Tropicana Las Vegas property – with the hope that it can be extended to Atlantic City if Columbia Sussex is able to regain control of the property. Hmm. Interesting details the local papers leave out isn’t it?

Feb. 11, 2009 | Andrew Calvo | 0 comments | Continued
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Tropicana AC May Go To Auction, While the Owners Want to Rebrand It

The Tropicana Atlantic City’s owners are trying to convince the trustee to allow it to resume day to day ownership of the property and begin a re-branding campaign that will focus on low-cost and high service.

Feb. 3, 2009 | Andrew Calvo | 1 comment | Continued
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MGM Mirage Looking To Sell Some Land in AC

MGM Mirage is looking to sell its Huron Ave plot – 14 acres located next to the Trump Marina (soon to be Margaritaville Casino) which would be a great idea – but only for specific purchasers.

Feb. 2, 2009 | Andrew Calvo | 0 comments | Continued
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Construction Slowing At Revel Casino In Atlantic City

Revel Casino in Atlantic City laid off 400 construction workers who were working on the interior of the project. There are still another 700 workers on site working on the exterior, and officially, the project is just being slowed down, so construction shouldnt stop completely.

Jan. 28, 2009 | Andrew Calvo | 0 comments | Continued
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Atlantic City’s Tropicana Hotel Is Pathetic

I stayed at the Tropicana in Atlantic City recently – and while I don’t write reviews on this blog, I thought one would be highly appropriate in light of the Tropicana’s current woes.

Jan. 26, 2009 | Andrew Calvo | 2 comments | Continued
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Colony Capital Losing Resorts AC To Foreclosure

Colony Capital is about to lose their Resorts Atlantic City property to their banks in foreclosure, potentially ending their plans to grow the Resorts brand internationally.

Jan. 25, 2009 | Andrew Calvo | 0 comments | Continued
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Plans For FontaineBleau To Open In Atlantic City?

In the FontaineBleau’s video for their Las Vegas location a fly-over shot of Atlantic City was included – is this a hint of things to come, or was it a video editing error? I think its more likely an editing error – but it’s fun to think of a FontaineBleau location in Atlantic City!

Jan. 14, 2009 | Andrew Calvo | 0 comments | Continued
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