The Nevada Gaming Commission has approved licensing for former MGM Grand executive Alex Yemenidjian in the long-awaited transfer of the Tropicana Las Vegas resort. Yemenidjian is part of Onex Corp., a Canada-based private equity firm that plans to take over the Tropicana toward the end of the year, investing more than $100 million in upgrades to the dated property.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.