Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  WELLS FARGO & CO/MN
2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2009
3. Issuer Name and Ticker or Trading Symbol
Tropicana Las Vegas Hotel & Casino, Inc. [N/A]
(Last)
(First)
(Middle)
420 MONTGOMERY STREET, 
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN FRANCISCO, CA 94104
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Stock 502,800
I
By The Foothill Group, Inc. (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Convertible Participating Preferred Stock 04/20/2010   (2) Class A Common Stock 85,172 (3) $ 25 (3) I By The Foothill Group, Inc. (1)
Class A Series 2 Convertible Participating Preferred Stock 04/20/2010   (2) Class A Common Stock 45,585 (3) $ 25 (3) I By The Foothill Group, Inc. (1) (4)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WELLS FARGO & CO/MN
420 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
    X    
FOOTHILL GROUP INC
2450 COLORADO AVENUE
SUITE 3000W
SANTA MONICA, CA 90404
    X    

Signatures

Mary E. Schaffner, Assistant Secretary of Wells Fargo & Company 04/20/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The shares of Class A Common Stock and Class A Convertible Participating Preferred Stock of Tropicana Las Vegas Hotel & Casino, Inc. (the "Company") are owned directly by The Foothill Group, Inc. ("Foothill"), a wholly-owned subsidiary of Wells Fargo & Company. Once issued by the Company, the shares of Class A Series 2 Convertible Participating Preferred Stock will be owned directly by Foothill.
(2) No expiration date.
(3) The initial conversion price per share is $25.00. The number of shares of Class A Common Stock to be issued upon conversion of a share of Class A Convertible Participating Preferred Stock or Class A Series 2 Convertible Participating Preferred Stock can be determined by dividing: (i) the sum of (a) the $100 per share original purchase price of such preferred stock plus (b) the amount of cumulated and unpaid dividends for any prior dividend periods payable with respect to such preferred stock, by (ii) the conversion price at the time of the conversion.
(4) The shares of Class A Series 2 Convertible Participating Preferred Stock of the Company will be issued to Foothill on or about the filing date of this Form 3 as consideration for a credit facility between the Company and Foothill.
 
Remarks:
The Foothill Group, Inc. ("Foothill") is a party to a Stockholders' Agreement, dated as of July 1, 2009 (the "Stockholders'
Agreement"), with all other stockholders of Tropicana Las Vegas Hotel & Casino, Inc. (the "Company").  Pursuant
to the Stockholders' Agreement, each of the stockholders may be deemed to be the beneficial owner of all shares of the Company
owned by the parties thereto.  Wells Fargo & Company, Foothill and their affiliates disclaim beneficial ownership of all shares
of the Company in which they do not have a pecuniary interest.

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