“It’s been widely publicized that the A’s are looking at this site,” Gaming and Leisure Chairman and CEO Peter Carlino told analysts during an earnings call this spring, adding the baseball team has looked at other properties as well. One possibility: Major League Baseball’s Oakland Athletics have reportedly looked at the Tropicana as a potential site for a new ballpark in Las Vegas. “We’re open to it all,” Kim said at the time, adding that demolishing the hotel-casino and building something from scratch could be one way to “maximize value.” In January, Bally’s Chairman Soohyung Kim told the Review-Journal that the casino operator would “almost certainly” look to rename the property Bally’s and likely look to redevelop the property.

Rhode Island-based Bally’s announced the acquisition in April 2021, saying the deal was valued at about $308 million. The 35-acre property features 1,470 rooms, 50,000 square feet of casino space, a 1,200-seat theater and 100,000 square feet of convention and meeting space. Tropicana Las Vegas September 27, 2022īally’s was cleared last week by the Nevada Gaming Commission to close on its purchase of the Tropicana. We can’t wait for all the exciting things to come! 🍒🍋🎰 For more information about Bally’s visit /ZoXzSq5kN4 It purchased the Tropicana’s “non-land assets” for $148 million in cash from landlord Gaming and Leisure Properties Inc., and it will lease the land underneath the resort for $10.5 million per year from the same company.īREAKING NEWS! We have officially joined the family.

announced Tuesday that it completed its acquisition of the Strip hotel-casino. (Bizuayehu Tesfaye/Las Vegas Review-Journal) Las Vegas is officially under new ownership.īally’s Corp. The Tropicana hotel-casino is seen on Wednesday, Sept.

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