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Tropicana Casinos File For Bankruptcy

WILMINGTON, DEL. (CN) - Casino operator Tropicana Entertainment has filed for bankruptcy, listing $2.4 billion in unsecured debts - the largest private U.S. bankruptcy filing this year.

Tropicana last week missed an interest payment on a $1.3 billion loan from Credit Suisse, the Wall Street Journal reported, after being stripped of its Atlantic City gambling license last year.

The largest single debt in the bankruptcy filing is $996 million, owed to Wilmington Trust Co.

Also filing for bankruptcy were a slew of Tropicana affiliates, including Aztar Corp., Argosy of Louisiana, Atlantic-Deauville Inc., Aztar Indiana Gaming Co., Jazz Enterprises Inc., JMBS Casino LLC, Ramada New Jersey Holdings Corp., Aztar Missouri Gaming Corp., Aztar Riverboat Holding Co., St. Louis Riverboat Entertainment, Centroplex Centre Convention Hotel, Tahoe Horizon, Columbia Properties Laughlin, Tropicana Development Co., Columbia Properties Tahoe, Columbia Properties Vicksburg, CP Baton Rouge Casino, CP Laughlin Realty, Hotel Ramada of Nevada, Adamar Garage Corp., Tropicana Las Vegas Resort and Casino, and others.

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