Cordish in talks to buy Tropicana for 700 million

The Cordish Co., developer of Louisville’s Fourth Street Live entertainment complex, is negotiating with the state of New Jersey on a $700 million deal to buy the Tropicana Atlantic City Casino & Resort.

Word of the proposal, which came Tuesday from New Jersey’s Casino Control Commission, marks the Baltimore developer’s latest leap into the gaming industry.

I personally believe this would stabilize Tropicana which has been plagued by problems for the last few years. Cordish is a great operator and would be a great addition to the old school boys in Atlantic City.