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Tag Archives: Tropicana las Vegas

US – Penn National announces sale of Tropicana Las Vegas and unpaid furloughs

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…

US – Scientific signs two huge orders with Penn

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…

US – Penn snaps up Tropicana Las Vegas

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…