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The Ramada hotels and restaurants were sold for $540 million to New World Development Company and the gaming business which included the Tropicana Las Vegas, Tropicana Atlantic City, and Ramada Express in Laughlin, Nevada, were spun off to a new company called Aztar Corporation.
As early as June 2003, New World Development wanted to convert the Wan Chai Hong Kong Convention and Exhibition Centre car park into a used car venue.