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September 24, 2008

$700M offer for Atlantic City casino

ATLANTIC CITY, N.J. (AP) — A Baltimore developer was chosen Tuesday as the potential buyer of Atlantic City's Tropicana Casino and Resort by a state trustee overseeing the property.

Trustee Gary Stein said the Cordish Co. has offered to buy the gambling hall, which includes New Jersey's largest hotel at 2,129 rooms, for $700 million in cash and stock.


 
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