Examples of Tropicana Las Vegas in a sentence
Onex worked with Tropicana’s management and bankruptcy advisors as well as the other debt holders on a restructuring plan that provided for the debt holders to gain control of the Las Vegas property upon emergence from bankruptcy.On May 5, 2009, the U.S. Bankruptcy Court confirmed the company’s plan of reorganization, and on July 1, 2009, the newly restructured company, now operating as Tropicana Las Vegas, Inc., emerged from bankruptcy with no debt.
Beckett, Vice President and General Counsel, Tropicana Las Vegas, Inc.
Onex had an economic interest of 18% and held an 83% voting interest in Tropicana Las Vegas, on an as-converted basis.
Other resort amenities may be owned and managed by Tropicana Las Vegas or may be owned by the company and managed by third parties for a fee, or leased to third parties.
Prior to its closure on June 30, 2019, Resorts Casino Tunica was also included in the South segment.(3) The West segment consists of the following properties: Ameristar Black Hawk, Cactus Petes and Horseshu, M Resort, Tropicana Las Vegas, and Zia Park Casino.
At December 31, 2020, the Company classified the real property associated with Tropicana Las Vegas as a separate caption on the Condensed Consolidated Balance Sheet.
Onex, Onex Partners III and Onex management converted their debt for an initial 59% economic interest in the company, of which Onex’ share was an initial 13% economic interest in the company.In August 2009, Tropicana Las Vegas raised $75 million of additional capital through a rights offering, which was subscribed for as part of the reorganization plan.
While in bankruptcy, Onex, Onex Partners III and Onex management, through a special purpose entity, acquired a majority interest in the company’s $440 million term loan secured against Tropicana Las Vegas, its Las Vegas property.
Tropicana Las Vegas, $110.00 per night plus tax, Single or Double Occupancy Last Day to Request Guaranteed Housing rates: Wednesday, April 12th, 2017Cancellation deadline: a penalty of 1 night’s room and tax will apply if reservations are not canceled 72 hours prior to your scheduled arrival date.All reservations made online require a credit card to guarantee the reservation.
On April 13, 2021, Bally’s agreed to acquire both GLPI’s non-land real estate assets and Penn's outstanding equity interests in Tropicana Las Vegas Hotel and Casino, Inc.