Tag Archives: Tropicana las Vegas

Bally’s Corp. has now confirmed that the Tropicana Las Vegas will close on April 2, after which it will be demolished to make way for the build of a $1.5bn baseball stadium, which will be the new home of Major League Baseball’s Oakland Athletics. The confirmation of the closure follows almost 70 years of operation…

Bally’s has completed on its previously announced acquisition of the Tropicana Las Vegas with Gaming & Leisure Properties. GLPI and PENN completed the transaction relating to the acquisition of the non-land assets of the Tropicana Las Vegas for a cash purchase price of $148m. Bally’s will lease the land underlying the Tropicana property from GLPI…

Penn National Gaming has said it will sell Tropicana Las Vegas as one of several measures to help mitigate the financial impact of the ongoing COVID-19 pandemic. Gaming and Leisure Properties will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn National’s Morgantown, Pennsylvania development in…

Scientific Games has entered into a comprehensive agreement with Penn National Gaming to supply Tropicana Las Vegas and the recently opened Hollywood Casino Jamul-San Diego, a full suite of the company’s transformative systems, games and table product solutions. The milestone agreement, which follows an extensive competitive systems selection process, reinforces Scientific Games’ position as the…

Penn National Gaming has bought the Tropicana Las Vegas from its shareholders, the largest of which is a partnership between Onex and Alex Yemenidjian, for $360m. It will fund the deal through an expansion of its existing credit facilities and cash on hand. Timothy Wilmott, Chief Executive Officer of Penn National Gaming, said “The planned…