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After Ramada bought the Tropicana Resort & Casino on the Las Vegas Strip in December 1979 for $70 million, company officials decided to call their new East Coast property Tropicana Atlantic City, as the Tropicana name was already well known in the casino industry. [4] Tropicana Atlantic City officially opened on November 23, 1981, with 521 ...
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On March 5, 2002 Aztar acquired full ownership of the 34-acre (140,000 m 2) Tropicana location in Las Vegas by purchasing the 50% share held by Chicago's Jaffe family. During 2005, the company acquired a site in Allentown, Pennsylvania with the intention of securing a gaming license and then developing a casino.
In approving the transfer, the Casino Control Commission stressed that Tropicana was a "different company" than the company that had lost its license in 2007. [4] In March 2011, Tropicana sold the Horizon Casino in Vicksburg to a partnership of Tangent Gaming and Great Southern Investment Group, who renamed it as the Grand Station Hotel and Casino.
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