tropicana las vegas hotel and casino inc

The Bally’s-Tropicana transaction is expected to close early next year.

Gamesys shareholders can elect to convert holdings to Bally’s shares. Neil Goulden, Gamesys chairman, said in a statement the recommended cash offer, including a Gamesys fiscal 2020 dividend, provides a 41.2% premium to the Gamesys share price at the time of the original proposal from Bally’s. Papanier noted that Las Vegas draws more than 40 million tourists a year and said owning the Tropicana will boost Bally’s customer and player databases, unlock marketing opportunities and benefit Bally’s online and interactive business.īally's also announced a deal to combine with London-based online gaming operator Gamesys Group plc. That 2,800-room property at Flamingo Road is owned and operated by Caesars Entertainment Inc. does not own Bally’s Las Vegas on the Strip.

“Landing a preeminent spot on the Las Vegas Strip is a key step for us,” George Papanier, Bally’s president and CEO, said in a statement.īally's Corp. The agreement for the nearly 1,500-room hotel, casino, theater and convention property also involves a sale-and-leaseback transaction relating to Bally’s Black Hawk, Colorado and Rock Island, Illinois, casino properties, the company said. announced Tuesday it will acquire the iconic Strip property from Gaming and Leisure Properties Inc.

LAS VEGAS – The Tropicana Las Vegas Hotel and Casino, a Sin City namesake, is being sold to a new entrant among Las Vegas Boulevard resort owners.

Tropicana las vegas hotel and casino inc