Eyeofngt
08-18-2009, 08:38 PM
The Tropicana is going to do some revitalization in the amount of nearly $100 million. They plan to renovate thier 52 year old Casino on the Vegas Strip.
LAS VEGAS, Nevada –- New Tropicana co-owner and chief executive Alex Yemenidjian is still getting himself and his team acclimated to their new surroundings.
A former top executive at MGM Grand Inc., Yemenidjian is working 15-hour days trying to revitalize one of the Strip's remaining historic properties, which he acquired July 1.
Without the luxury of being able to tear the property down in the current economic environment, Yemenidjian and his partners, Canadian private equity firm Onex Corp., are launching a nearly $100 million plan to renovate the 52-year-old property.
Much of what the Tropicana of tomorrow will look like is a project in flux.
The boardroom outside his office is covered with sketch boards, photos, and carpet and floor samples of what the new rooms will look like.
Yemenidjian, who ran MGM Studios after leaving the gaming industry, plans to transform the property into a South Beach Miami-themed resort.
LAS VEGAS, Nevada –- New Tropicana co-owner and chief executive Alex Yemenidjian is still getting himself and his team acclimated to their new surroundings.
A former top executive at MGM Grand Inc., Yemenidjian is working 15-hour days trying to revitalize one of the Strip's remaining historic properties, which he acquired July 1.
Without the luxury of being able to tear the property down in the current economic environment, Yemenidjian and his partners, Canadian private equity firm Onex Corp., are launching a nearly $100 million plan to renovate the 52-year-old property.
Much of what the Tropicana of tomorrow will look like is a project in flux.
The boardroom outside his office is covered with sketch boards, photos, and carpet and floor samples of what the new rooms will look like.
Yemenidjian, who ran MGM Studios after leaving the gaming industry, plans to transform the property into a South Beach Miami-themed resort.