This was only the second time in twenty-nine years that the commission denied a license renewal.
The rest of the company emerged from bankruptcy on March 8, as Tropicana Entertainment Inc. Close Log in Forget? Associated Press file photo The Tropicana in Atlantic City should receive a new five-year license today. Yung took over as the owner. The hotel eventually closed lkcense the s. He also bought the unfinished Fontainebleau Las Vegas casino resort on the strip earlier this year.ATLANTIC CITY — Three years ago, The Tropicana Casino and Resort was making news for all the wrong reasons. Its owner laid off nearly. Play at All Slots Casino! The Tropicana Casino and resort had some tough times after William J. Yung took over as the owner. Within a year, he had severely. In a rare move by New Jersey casino regulators, the state Casino Control Commission voted, , this afternoon to deny the Tropicana a new.