I’ve been informed that Tropicana Entertainment owner William J. Yung III has signed an irrevocable proxy and cannot vote his shares, no matter how many he owns. Nor he can he regain the reins of the company.
Whether that is enough to satisfy the New Jersey Casino Control Commission remains to be seen. From what I hear, the inarguable fact that TropEnt is in Chapter 11 may be its biggest obstacle to regaining a foothold in the Garden State.
If you’re looking for luxury in downtown Las Vegas …
… the El Cortez will soon be running with the “in” crowd. Who’da ever thunk it?
