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Eldorado gets temporary OK to own Tropicana casino

Eldorado Resorts was given temporary approval to own Atlantic City Billionaire investor Carl Icahn agreed to the sale to the Reno, Nevada-based Eldorado in April. The Tropicana has improved its financial performance to claim the No. 2 spot in Atlantic City in terms of annual gambling revenue as of the end of last year, trailing only the Borgata. "We're coming in eyes wide open that we're going to have to fight for our position in this market," said Thomas Reeg, the company's president. "We expect a fight for market share and we're prepared to get involved. We're buying an asset that we hope is standing and competing 50, 100 years from now." The agreement includes the sale of Tropicana Entertainment Inc.'s real estate to Gaming and Leisure Properties Inc. It doesn't include Tropicana's Aruba assets, which will be disposed of as a condition to closing. Icahn Enterprises initially bought a stake in Tropicana in 2008. Eldorado Resorts is acquiring the operating assets of seven casinos in six states, including two in Nevada -- the Tropicana Laughlin Hotel and Casino and the MontBleu Casino Resort & Spa in South Lake Tahoe -- as well as casinos in Indiana (Tropicana Evansville); Louisiana (Belle of Baton Rouge Casino & Hotel); Mississippi (Trop Casino Greenville); Missouri (Lumiere Place); and New Jersey (Tropicana Casino and Resort, Atlantic City). The company is taking over Tropicana as the Atlantic City casino market is expanding again. Two of the five casinos that shut down since 2014 re-opened in June under new ownership: Hard Rock and the Ocean Resort Casino.

For the original version including any supplementary images or video, visit https://www.nj.com/atlantic/index.ssf/2018/09/eldorado_gets_temporary_ok_to_own_tropicana_casino.html

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Lawsuit Says Pittsburgh Casino Illegally Wiretapped Gamblers

They are seeking at least $35,000 in damages for each alleged violation of the law. The suit claims that the casino gave the images and information to a local attorney who represented Clericis former husband in a custody dispute in Butler County Family Court. The ex-husband is local police officer Scott Scherer. Dennis McCurdy was named as his attorney. McCurdy is accused of unlawfully serving a subpoena to the casino to obtain its surveillance images of the women and their mobile devices. The suit claims that Rivers Casino should have been aware it was a sham subpoena under Pennsylvania Rules of Civil Procedure.

For the original version including any supplementary images or video, visit https://www.cardplayer.com/poker-news/23228-lawsuit-says-pittsburgh-casino-illegally-wiretapped-gamblers

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