But it will continue operating its remaining properties, including the famed Tropicana Casino and Resort in Las Vegas. And it will keep current staffing levels.
The filing was buffeted by a chain of events that began Dec. 12th, when the state Casino Control Commission stripped the Tropicana in Atlantic City of its casino license.
The panel determined that the company was incapable of running the "first-class operation" required by state law.
That touched off a funding crisis that the company desperately struggled to fend off until tonight's filing.