The Mysterious Owner of Tropicana Casino: Unveiling the Truth

In the bustling city of Atlantic City, New Jersey, the Tropicana Casino stands as a testament to the golden era of gaming and entertainment. But who owns the iconic establishment that has captivated countless visitors over the years? Let's delve into the enigmatic world of Tropicana Casino's ownership and uncover the truth behind its power players.

The Tropicana Casino, a symbol of luxury and opulence, was first opened in 1981. Since then, it has been a beacon of excitement for gamblers and a hot spot for celebrities. The casino has undergone several transformations, but one thing has remained constant: its allure. So, who owns this iconic establishment that has become a part of American pop culture?

The Tropicana Casino's ownership has been a subject of intrigue and speculation. Over the years, several influential individuals and companies have held stakes in the property. Let's take a closer look at the key players who have controlled the reins of this iconic casino.

1. Howard Hughes

The Tropicana Casino's story begins with the visionary entrepreneur Howard Hughes. In the early 1980s, Hughes was looking to expand his empire, and the Tropicana Casino seemed like the perfect opportunity. He acquired a controlling interest in the property and embarked on a mission to create an entertainment destination that would rival the likes of Las Vegas.

2. Caesar's Entertainment

After Howard Hughes' death, the Tropicana Casino was passed on to his estate. However, it wasn't long before Caesar's Entertainment, a major player in the casino industry, took notice. In 1987, Caesar's acquired the casino and embarked on a $100 million renovation, solidifying its status as a premier entertainment venue.

3. Trump Entertainment Resorts

In 2001, Trump Entertainment Resorts purchased the Tropicana Casino from Caesar's Entertainment. The acquisition was part of Trump's aggressive expansion into the casino industry. However, the company's fortunes took a turn for the worse, and it filed for bankruptcy protection in 2014.

4. IGT

Following Trump Entertainment Resorts' bankruptcy, the Tropicana Casino was acquired by IGT, a global leader in gaming technology. IGT's acquisition of the casino was seen as a strategic move to diversify its business and expand its presence in the gaming industry.

5. Penn National Gaming

In 2017, Penn National Gaming, a prominent casino and racing company, purchased the Tropicana Casino from IGT. This acquisition marked the end of an era for the property, as it was now under the control of a new owner with ambitious plans for its future.

Now that we have a clearer understanding of the Tropicana Casino's ownership history, let's explore some frequently asked questions about the iconic establishment.

Q1: What is the current status of the Tropicana Casino?

A1: The Tropicana Casino is still a thriving entertainment venue in Atlantic City. It has undergone several renovations and continues to offer a wide range of gaming, dining, and entertainment options for visitors.

Q2: How many hotels are there at the Tropicana Casino?

A2: The Tropicana Casino features a single hotel tower with 868 rooms and suites. The hotel offers luxurious accommodations and amenities, making it a popular choice for travelers visiting Atlantic City.

Q3: What are some of the popular attractions at the Tropicana Casino?

A3: The Tropicana Casino boasts an array of attractions, including a 50,000-square-foot casino floor, numerous dining options, a 1,200-seat theater, and a spa and salon. The property also hosts various events and live performances throughout the year.

Q4: Is the Tropicana Casino open 24/7?

A4: Yes, the Tropicana Casino is open 24/7, providing visitors with endless entertainment options. Whether you're looking to hit the slots, enjoy a meal, or catch a show, the Tropicana Casino has something for everyone.

Q5: Can non-gamblers visit the Tropicana Casino?

A5: Absolutely! The Tropicana Casino is open to everyone, regardless of their gambling preferences. Visitors can enjoy the dining, entertainment, and shopping options without the need to play games.

In conclusion, the Tropicana Casino's ownership has been a dynamic and intriguing journey. From Howard Hughes' initial vision to the current ownership by Penn National Gaming, the property has undergone several transformations. Despite the changes, the Tropicana Casino remains a symbol of luxury and entertainment, captivating visitors from around the world.