Home » CityBoom » Unknown Bidder Offers $950M for Atlantic City Tropicana

Unknown Bidder Offers $950M for Atlantic City Tropicana

By Chuckmonster on Wednesday, 23rd January 2008 1:03am
tagged:      comments: 0

    Add To Itinerary    

Joseph Palladino, Director of Acquisitions for New York City based mystery company that calls itself "Private Family Office" has entered a bid for the Tropicana Atlantic City which - according to the press release - is "on behalf of a company to be disclosed."

The press release goes on to say that the Mystery Company plans to invest $150M in capital upgrades to the property (paint job, throw pillows, new carpeting and heated toilet seats?) as well as build a coupla hotels, one in New York and one in Ocean County New Jersey.

Next.






Comments & Discussion:


» No Guts, No Glory... Be The First to Post

Leave a Comment:

Welcome back ! » Profile Settings Faves

Comments are currently closed on CityBoom.
Subscribe via RSS








Recent Comments:

bat55w posted: "I have doubts this will happen based upon the idiots that run Philly, but if it does I will be..."
» Wynn Eyeballs Philly Again...
weatherman2111 posted: "Having gotten lost down there a couple of times it's a surprisign pain in the ass to get back onto..."
» Wynn Eyeballs Philly Again...
mstokes posted: "As if Atlantic City isn't in bad shape as is. Putting a Wynn casino so close won't be helping any...."
» Wynn Eyeballs Philly Again...
bgriffiths posted: "It could be a nice area, there. Yards brewing is a little south of Sugar House - they have a..."
» Wynn Eyeballs Philly Again...
bat55w posted: "I like Tony Luke's better than the touristy spots on the south side of philly(Pat's and Geno's). I do..."
» ACEats: Tony Luke's At Borgata...