This is for personal, noncommercial use only.
Regarding the June 28 story, "CCC chief says there's a lesson in Trop's legal fees and sale time":
Let's put this into perspective from the beginning in December 2007.
1. The new management of the Tropicana Casino and Resort cuts staff and has a few complaints of dirty rooms and some minor violations of Casino Control Commission rules.
2. CCC Chair Linda Kassekert, with the help of Local 54, holds hearings and denies a license to Tropicana based on these minor charges.
3. Kassekert then uses her clout to get a retired Supreme Court justice appointed conservator of Tropicana until it is sold, for what is estimated to be $1 billion or so.
4. Tropicana loses an appeal to the courts over the denial of its license, which is not surprising since the conservator is a retired judge getting paid a handsome sum for not showing up.
5. On the recommendation of the conservator, a bid of $700 million for the Tropicana is turned down as being too low.
6. At auction last month, the Tropicana is sold for $200 million, $800 million less than the conservator and Casino Control Commission said it should sell for.
The conservator and his cronies charged more than $7 million to oversee the management of the Tropicana. Now Kassekert and her cronies say the conservator did not know what he was doing, and she would like the state to enact laws to restrict what the conservators and lawyers can charge when she acts to deny any casino an operating license.
Boy, do we need a new governor and an investigation of the Tropicana fiasco before everyone else leaves Atlantic City.
ERNIE COONEY
Little Egg Harbor Township
Posted in Letters on Friday, July 3, 2009 3:05 am
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