The troubled company, which lost its New Jersey gaming licence last year is seeking to sell several of its properties. Tropicana's recently published full year results for year ended December 31 2007 showed a loss of $14.1 million, a reduction on the 2006 loss of $18.4.

 "We are pleased that Scott has joined our team," said William J. Yung, Tropicana's Chief Executive Officer. "His track record in the gaming, hotel and resort, and financial services industries is impressive. That experience along with his fresh perspective on the issues that face our organisation will be valuable assets for our company moving forward."

Butera has extensive experience in the gaming, lodging and real estate industries. He has been Chief Operating Officer of the Cosmopolitan Resort and Casino in Las Vegas, Nevada, since January 2007. Prior to that he was President, Chief Operating Officer and Executive Vice President of Trump Hotels & Casino Resorts, Inc, where he played an important role in developing and implementing the company's recapitalisation plan.

 From March 2000 to September 2003, he was an Executive Director for UBS Investment Bank, capping a 15-year career as an investment banker focused on the gaming, lodging and leisure industries.

 "I am excited by the opportunity to lead the effort to resolve the Company's current challenges and to put the company on the path toward sustained growth in its gaming markets," said Butera. "The Company has a number of very valuable assets, quality people and one of the most recognisable brands in the gaming industry. I am confident in our ultimate success."

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