Bally's to buy Tropicana for $308MBally's Corporation, Gaming & Leisure Properties, Inc (GLPI), and PENN Entertainment, Inc acquired Tropicana for a cash purchase price of $148 million.
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Bally's acquired the Tropicana Las Vegas from GLPI in September 2022, with Bally's leasing the land underlying the hotel from GLPI as part of the transaction.
An internal memo says the Tropicana will close between late 2024 and mid-2025 and strongly suggests the new resort will be given the Bally's name, which is convenient since the last hotel on the Strip, known as Bally's, was recently rebranded as the Horseshoe.
Hard Rock International plans to close The Mirage, gut the entire three-wing hotel and casino and spend billions to expand and upgrade the property beginning in late 2023 or 2024, the company revealed Wednesday.
Golden Gate Hotel & Casino: FirstsAs the city's original casino, Golden Gate Hotel & Casino brought about many Las Vegas “firsts”, including: 1905: Land for Golden Gate (previously Hotel Nevada) is purchased, making it the first casino in Las Vegas. 1907: Las Vegas' first telephone is installed at Golden Gate.