According to a gaming industry analyst, cash-strapped Bally’s Corporation could look to sell the land on which the Tropicana Las Vegas sits now that the casino is closed. CBRE Credit Research VP of Credit Research Colin Mansfield said in a Monday investor report that Bally’s could be willing to part with the land to fund… Read more »
Maybe not a blackjack table As I reminisced about yesterday, the Tropicana Las Vegas closed yesterday. It was the third-oldest casino still in operation, just a couple days shy of its 67th birthday. That position now belongs to The Linq, which opened in 1959 as the Flamingo Capri; the two oldest are the Flamingo, which… Read more »
The end If there is a history book for this sort of thing, it will say that the last bet ever at the Tropicana Las Vegas was a $3 minimum wager at a craps table, placed by Will Ross at about 2:45am on Tuesday, April 2. He was able to extend his session by hitting… Read more »
Happy Death Day The next step in the Oakland A’s relocation to Las Vegas will happen in about two months. Bally’s has announced that it will close the Tropicana on April 2 to prepare it for demolition to clear the way for the A’s new stadium. The date is one day before the Tropicana’s 67th… Read more »
The Oakland A’s have reportedly reached an agreement with the Nevada governor’s office, the state Treasurer, and Clark County on a plan to fund a prospective baseball stadium in Las Vegas. No financial figures have been made public yet, but now the funding bill will move to the state legislature, where it must be approved… Read more »
The Tropicana in Las Vegas was where I stayed the first time I visited Las Vegas. It wasn’t much to write home about and the walk to my hotel tower was excruciating, but it was an old school part of Las Vegas history, so it felt fun to be there. Now it seems that one… Read more »
Bally’s on the Strip The Tropicana was the very first place I visited in Las Vegas. It got the nod over such iconic locations as the Bellagio and Venetian for the very simple reason that I was staying there. It was fine. I didn’t spend much time there because other casinos were cooler, but it… Read more »
The Tropicana was the first place I ever stayed in Las Vegas. It was a decent place with a cozy casino floor, though my lasting memory of it was that somehow I hurt my leg when I was visiting, so the walk to the hotel tower after a long day of being a good tourist… Read more »
Gaming and Leisure Properties, Inc. (GLPI) announced on Monday that it has completed the acquisition of the Tropicana Las Vegas from Penn National Gaming. The deal was originally said to be worth $337.5 million, but the final tally is now $307.5 million. The two companies came to their agreement in March, shortly after Nevada Governor… Read more »
Penn National Gaming announced that it has agreed to sell the Tropicana Las Vegas to Gaming and Leisure Properties, Inc. (GLPI). The deal for the casino on the south end of the Strip is for $337.5 million. Interestingly, the $337.5 million will not be paid in cash, but rather in a “non-cash rent payment.” The… Read more »
