Tropicana Atlantic City Operating Normally as Its Former Corporate Parent Seeks Chapter...

Tropicana Atlantic City Operating Normally as Its Former Corporate Parent Seeks Chapter 11 Protection

ATLANTIC CITY, N.J.--(Business Wire)--
Tropicana Atlantic City, one of the East Coast's leading casino,
entertainment and resort destinations, today said that it is not part
of the Chapter 11 filing by its former corporate parent, Tropicana
Entertainment, LLC, and is continuing normal operations.

Mark Giannantonio, President and Chief Operating Officer of
Tropicana Atlantic City, said: "I want to emphasize that Tropicana
Atlantic City is not part of our former parent company's Chapter 11
filing. The hotel and casino operations of Tropicana Atlantic City
continue in a completely business-as-usual manner.

"Our continuing and successful efforts to assure our customers of
the highest-quality hotel, entertainment and casino experience are in
full swing and receiving high praise from reviewers and customers
alike."

Among current initiatives, Tropicana Atlantic City will continue a
rebuilding program that includes the May 15th grand opening of a new
slot area, "Havana Roof Top Slots," the most extraordinary slot
environment in Atlantic City. Other current initiatives include the
forthcoming, much anticipated grand opening on Memorial Day weekend of
the Casino's new Rumba Lounge, which will include entertainment and
video slots and will overlook the Casino floor.

Mr. Giannantonio continued, "Financially, Tropicana Atlantic City
has more than adequate liquidity to meet our current and future
operating needs, and we fully intend to meet all of our obligations to
employees, vendors and customers alike. In short, today's action by
Tropicana Entertainment should not affect any aspect of our
operations."

Tropicana Atlantic City has not been controlled by Tropicana
Entertainment since December 12, 2007, when former New Jersey State
Supreme Court Justice Gary S. Stein was appointed to oversee Tropicana
Atlantic City's operations as trustee and later as conservator
following the denial of an operating license to its now-former owner,
William J. Yung, III.

As previously announced, Justice Stein has been charged by the New
Jersey Casino Control Commission with selling Tropicana Atlantic City.
Justice Stein is currently engaged in discussions with advisors to
lenders under Tropicana Entertainment's Senior Credit Facility and
holders of its 9 5/8% Senior Subordinated Notes concerning the best
means of effecting such a sale in order to maximize the value of
Tropicana Atlantic City.

Tropicana Atlantic City
Diana Spiers-Knox, 609-340-4507

Copyright Business Wire 2008