The rest of the company emerged from bankruptcy on March 8, 2010, as Tropicana Entertainment Inc., under the leadership of investor Carl Icahn.
While in bankruptcy, the Tropicana Las Vegas was split off as a separate entity. After losing control of its largest property, the Tropicana Atlantic City, the new company was quickly forced into bankruptcy in May 2008. A new subsidiary, Tropicana Entertainment LLC, was created to hold the combined company's casinos. In January 2007, Columbia Sussex acquired Aztar Corporation, owner of the Tropicana casinos in Las Vegas and Atlantic City, and three other casinos, for $2.1 billion.
Further information on Tropicana Entertainment prior to 2010: Columbia Sussex § Casinos
