Separately, Tropicana also voluntarily agreed to have an IGC-appointed trustee act as manager of Casino Aztar until any pending sale is completed. Tom Dingman, a former Harrah’s executive, was appointed trustee today by the IGC and will manage the day-to-day operations subject to Tropicana’s approval of significant decisions such as entering into material agreements, incurring debt and settling lawsuits. Dingman also will be required to consult with Tropicana before setting an annual budget, making executive compensation decisions and settling administrative actions.
Dingman is an experienced casino hotel manager who has held management positions at Harrah’s properties in the US – San Diego, New Orleans, and Vicksburg – and in Auckland, New Zealand. He retired from Harrah’s in 2003 and currently acts as a consultant to companies in the gaming industry. His appointment is effective immediately.
Credit Suisse acted as exclusive financial advisor to Tropicana for the sale of Casino Aztar and Innovation Capital, LLC rendered an opinion that the agreed-upon sale price was at least equal to fair market value.
|Peacock Magic, Shore Thing, Arabian Nights, Diamond Eyes, Asian Princess, Golden Goose, Fort Knox and other popular penny slots are on the slot floor of Casino Aztar. The casino also has blackjack, poker, craps, roulette and more table games.|
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