gaming:

Ex-MGM Grand exec gets OK to run Tropicana

Thursday, June 18, 2009 | 12:26 p.m.

Alex Yemenidjian

More headlines from the Vegas gaming industry

The Nevada Gaming Commission has approved a gaming license for a former MGM Grand executive to operate the Tropicana.

Meeting in Carson City today, commissioners voted unanimously to license Alex Yemenidjian and his family trust.

Yemenidjian, who had a clean record as MGM lead shareholder Kirk Kerkorian’s right-hand man, will serve as the Tropicana’s CEO.

The deal moving the 1,850-room Tropicana out of bankruptcy to Yemenidjian is expected to close July 1.

Yemenidjian promised new slot machines, restaurants, a race and sports book, poker room and a nightclub for the property and “no corporate liposuction” by laying off employees.

Yemenidjian said he knows he faces a challenge, but that there is “nothing more rewarding than while people say something can’t be done to be interrupted by people who are doing it.”

Commissioner John Moran Jr. applauded Yemenidjian’s efforts and recalled playing golf at a course near the Tropicana, adding that he hopes new management will be able to return the property to its glory days.

Discussion: 5 comments so far…

By chazbean

6/18/09 at 1:34 p.m.

Suggest removal

I would suggest that you implode the Casino and start all over.
By chazbean

6/18/09 at 1:36 p.m.

Suggest removal

I would suggest that you implode the Casino and start over.
By gqbossing

6/18/09 at 2:22 p.m.

Suggest removal

That property could do nicely with some TLC, it's a great location, just looks, smells and feels tired.
By Rocco

6/18/09 at 3:24 p.m.

Suggest removal

Stayed in a suite there for very cheap and it smelled like broken dreams , failed relationships, lost houses , lost jobs, and bankruptsy... just like a good casino should... smoke ,sweat, and boooze.... I loved it had the time of my life ... plus that corner room view cant be beat... Old vegas is far better that that facade that takes place at the Belagio.....
By formervegas76

6/18/09 at 4:13 p.m.

Suggest removal

loved that comment rocco. this would be an ideal place to try to bring old vegas back. doubt it will happen though.

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