As reported by the press of Atlantic City: "In a stunning move, New Jersey gaming regulators refused to renew the operating license of Tropicana Casino and Resort and turned over control to a trustee who will oversee the troubled property until it is sold.

By a 4-1 vote Wednesday, the Casino Control Commission ruled that Tropicana's owner, Columbia Sussex Corp., lacked the good character, business ability and financial responsibility required under New Jersey's licensing standards."

The casino will remain open while a buyer sought.