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Friday, May 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Bank Blows Whistle On Casino| And CEO Based In Atlantic City

WILMINGTON, DEL. (CN) - Wilmington Trust Co. demands that Tropicana Entertainmentrepay a $960 million loan, claiming Tropicana lost its gaming licensein Atlantic City because of flagrant looting by CEO William J. Yung III. Filing in Delaware Chancery Court, the trustalso wants Yung and vice president Donna More restrained from strippingassets, which include the Casino Aztar Evansville, the Vicksburg Horizon and the Belle of Baton Rouge. See complaint.

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