Wayne,
I'm sure you are aware of this, but the Tropicana-Las Vegas is owned by the Aztar Corporation,
which sits on land partly-owned by (and leased from) the Jaffee family. Per the Aztar 10-K report excerpt
below, their option on the lease ends in Feb 2002. As noted in the final sentences, they are keeping
all of their options open regarding the property. I don't know if the risk of sale/closure within our timeframe
is high or low, but the Aladdin surprised us before.

What kind of cancellation compensation, if any would they offer us if they couln't host the 2001 and
2002 conventions? Anything more than just returning our deposit?

TROPICANA LAS VEGAS

Tropicana Las Vegas is located on a 34-acre site in Las Vegas, Nevada.
Tropicana Enterprises owns the Tropicana Las Vegas and leases it to Hotel
Ramada of Nevada, a wholly-owned subsidiary of Aztar. Hotel Ramada of
Nevada operates the casino and hotel under the lease, which expires in
2011. Adamar of Nevada, a wholly-owned subsidiary of Aztar, owns a
noncontrolling 50% general partnership interest in Tropicana Enterprises.
The remaining 50% general partnership interest in Tropicana Enterprises is
held by various individuals and trusts associated with the Jaffe family
subject to preferences on liquidation. On February 2, 1998, we acquired an
option to purchase the 50% partnership interest that we do not own. The
option agreement gives us an unconditional right, but not the obligation,
to purchase the partnership interest for $120 million. This option
agreement was amended on February 1, 1999 to extend the option until
February 1, 2002. We are exploring alternatives for a major redevelopment
of the Las Vegas Tropicana. The amount and timing of any future
expenditure, and the extent of any impact on existing operations, will
depend on the nature of the redevelopment that we ultimately undertake.