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Cordish Co. chosen as potential buyer of Atlantic City Tropicana

The company that helped revitalize Baltimore's Inner Harbor was chosen today as the potential buyer of the Tropicana Casino and Resort by a state trustee overseeing the property, apparently ending Tropicana Entertainment's hopes of regaining control of its flagship Atlantic City property.

Trustee Gary Stein said the Cordish Co. has offered to buy the gambling hall, which includes one of New Jersey's largest hotels, for $700 million in cash and stock.

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