The Tropicana Casino In Atlantic City Is Being Devoured By Sharks [Hit Or Stand]: "
The Tropicana Casino and Resort in Atlantic City was bankrupt in 2009 when billionaire corporate raider Carl Icahn sidled up with $200 million to buy the joint. After New Jersey approved Icahn's bid in 2010, the Tropicana embraced a new strategy: high stakes table games. (You can now bet $50,000 on a single blackjack hand.) Shortly thereafter, the Tropicana started getting its ass kicked. First, by this guy, who took the casino for $5.8 million in April. And now by another ragged-tooth predator, who last week destroyed the casino for $5.3 million on a Wednesday night when most of us were home watching some dumb reality TV show. More »
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The Tropicana Casino and Resort in Atlantic City was bankrupt in 2009 when billionaire corporate raider Carl Icahn sidled up with $200 million to buy the joint. After New Jersey approved Icahn's bid in 2010, the Tropicana embraced a new strategy: high stakes table games. (You can now bet $50,000 on a single blackjack hand.) Shortly thereafter, the Tropicana started getting its ass kicked. First, by this guy, who took the casino for $5.8 million in April. And now by another ragged-tooth predator, who last week destroyed the casino for $5.3 million on a Wednesday night when most of us were home watching some dumb reality TV show. More »
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