New Jersey to restart the Tropicana bid process
Ever since the casino regulators refused to renew the license of the original Tropicana owner, Columbia Sussex Corp, the Tropicana casino has been in the news, though not for the right reasons. The first news to hit the streets regarding Tropicana was the suspension of the license of the Columbia Sussex Corp. Their license was suspended on account of ‘shoddy’ service and of being ‘dirty’, though not in the way that you would normally equate with a casino. Having suspended the original owners, the New Jersey casino control commission decided to appoint a retired Supreme Court Judge to oversee the sales and the running of the Tropicana casino until the new owners can take over. Bids were invited from interested parties and a decision was expected sometime by April. Judge Gary Stein, however, decided to reject all the bids received so far since he does not believe that any of them warrant any serious consideration. So it is back to square one and with a long road ahead, can one expect more news from the Tropicana front in the near future?
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