Monday, May 5, 2008

Trop Spokesman: Bankruptcy is "Speculation"

(UPDATE: ENGLEHART JUST CALLED BACK, SAID HE'D BE IN TOUCH WITH ME LATER WHENEVER THE BANKRUPTCY FILING OCCURRED. ALSO, THE COMPANY PRESIDENT IS QUOTED IN THIS AP STORY AS ACKNOWLEDGING THE COMING FILING.)

The Wall Street Journal is reporting based on two unnamed sources that Tropicana Entertainment is about to file for bankruptcy. Reuters has just moved a piece as well, again using one unnamed source.

This may yet turn out to be true and since it's the WSJ I'd say it's awful likely, but I'm the only reporter thus far with an actual comment from the spokesman for Tropicana Entertainment.

Friess: Is what the Wall Street Journal reported accurate?

Spokesman Hud Englehart: I regard what the Wall Street Journal has reported as speculation.

I pressed him from several sides about whether it was true and he wouldn't budge. Tropicana Entertainment owns the Tropicana and Westin in Las Vegas.

3 comments:

Anonymous said...

Actually, all Englehart gave you was a no comment. The term "speculation" just means the company hasn't put out an official comment press release yet and isn't commenting.

Kudos for trying, though.

THE STRIP PODCAST GUYS said...

well, no. there's a difference between saying 'no comment' and saying that the content of a specific report is true, false of "speculation." what he's saying is that the WSJ report is nothing more than speculative.

Anonymous said...

So, do you think the guy lied to you?