Tropicana Evansville Casino Opens 24/7 on Friday July 2

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Travel Market Report

Horseshoe Las Vegas Rebrand Focuses on Gaming, Food, and Value

Playing the hotel name-game in Las Vegas requires a bit of history - and, of course, context - especially when it comes to the recent rebranding of Bally's Las Vegas into Horseshoe Las Vegas. The rebrand touches hotel, casino and F&B operations, and while the name has officially been changed, product modifications - which I'll detail below - are…

Land-based ・ 18 April 2023

Yogonet

Bally's expects Tropicana Vegas acquisition to close in September; files Chicago casino application with Illinois regulator

Bally's Corporation is moving forward with two major projects in two different US states, which involve the Tropicana acquisition in Las Vegas, Nevada, and Chicago's first casino project, in Illinois. On the Nevada front, the company said it will, announced in April last year, at the end of September. Nevertheless, Bally's executives said in…

Land-based ・ 26 December 2022

Delaware Business Now

Bally's completes sale of Tropicana Las Vegas

Dover casino owner Bally's Corporation completed the acquisition of the Tropicana Las Vegas with Gaming & Leisure Properties, Inc. and PENN Entertainment, Inc. Bally's, GLPI and PENN completed the transaction of non-land assets of the Tropicana Las Vegas for a cash purchase price of $148 million, payable to GLPI. Bally's will lease the land…

Travel ・ 06 October 2022

The Street

Las Vegas Strip Loses One Legendary Casino, Keeps Another (for Now)

Another domino on the Las Vegas Strip has fallen, and that's only the beginning since dominoes generally ripple, sometimes with unintended consequences. Many of the major moves on the Strip are connected. MGM Resorts (MGM) sold the Mirage to Hard Rock International and that led to it buying the Cosmopolitan. MGM likely planned those two moves, but…

Land-based ・ 23 September 2022

Wild Casino

$5,000 Welcome Bonus

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Review Journal

Tropicana resort on Las Vegas Strip acquired by Bally’s Corp.

Bally's Corp. has been cleared to close on its acquisition of the operations of the Tropicana resort on the Strip by the Nevada Gaming Commission. Following an hour-long hearing, commissioners on Thursday unanimously approved the Providence, Rhode Island, company's acquisition from Penn Entertainment Inc. for $308 million, first announced in April…

Land-based ・ 22 September 2022

The Nevada Independent

Bally’s exec: Tropicana Las Vegas will be the company’s ‘western flagship’

More than a year after first announcing a deal to acquire the Tropicana Las Vegas, Bally's Corp. received preliminary approval from Nevada gaming regulators Wednesday to acquire the Rat Park-era hotel-casino in a $308 million transaction. Company officials told the Gaming Control Board in Las Vegas they plan to close the purchase by the end of the…

Gaming Authorities ・ 07 September 2022

The Street

Bally's Close to Making a Huge Las Vegas Strip Deal

In early August, Bally's Corp. (BALY) stock tumbled after the casino operator cut its 2022 revenue and EBITDA estimates due to weakness at its venue in Atlantic City. The company is now expecting 2022 EBITDA between $535 million and $550 million, down from its previous forecast between $560 million and $580 million. The company now expects sales…

Land-based ・ 16 August 2022

The Nevada Independent

Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz More than a year after announcing a deal…

Valentine's Day ・ 10 August 2022

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KPVI

City Council endorses Bally's $1.7 billion Chicago casino plan

The Chicago City Council overwhelmingly agreed Wednesday to support a plan by Rhode Island-based Bally's Corp. to construct and operate a $1.7 billion casino, hotel and entertainment facility northwest of the Loop, near the southern tip of Goose Island. The Democratic-controlled council voted 41-7 to endorse Mayor Lori Lightfoot's recommendation…

Politics ・ 25 May 2022

Delaware Business Now

Dealmaking is the name of the game for Dover casino resort owner Bally's

Wink and you might miss the latest news on Dover casino-racetrack owner Bally's. The company that recently rebranded the former Dover Downs to the Bally's name is busy building an international empire off a vaguely familiar name in the gambling business. The deal-making kicked into high gear in 2019, with the acquisition of Dover Downs. Earlier,…

Travel ・ 02 February 2022

The Street

Another Iconic Las Vegas Strip Casino Likely to Be Demolished

Las Vegas has always had a mixed relationship with its history. The city likes to evoke its classic past, but casino operators generally recognize that while people want pictures with nostalgic nods to the past like the classic Las Vegas sign, they generally don't want to stay in outdated "classic" hotel casinos. The city, of course, has its share…

Land-based ・ 29 January 2022

Casino News Daily

Lincoln, RI Casino Breaks Ground on $100mn Expansion

Bally's Corp. on Thursday broke ground on a $100 million expansion of the larger of its two casinos in Rhode Island. Twin River Casino in Lincoln originally opened doors in 1947 as Lincoln Downs. It later became Lincoln Park and then Twin River. The property will now operate as Bally's Twin River Lincoln Casino. Its sister property in Tiverton will…

Law ・ 17 September 2021

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Northeast News

Bally’s breaks ground at former Isle of Capri Casino

Bally's Kansas City broke ground on a $40 million land-based property expansion at the site of the former Isle of Capri Casino last week, kicking off a renovation that will feature new restaurants, amenities and retail at 1800 East Front St. "We are so thankful to be a part of a vibrant community, we're fortunate to have great neighbors in City…

Gaming Authorities ・ 25 August 2021

ABL Adviser

Citizens Advises Bally’s on Acquisitions of Tropicana Evansville and Jumer’s Casino & Hotel

Citizens M&A Advisory served as financial advisor to Bally's Corporation on its acquisition of Tropicana Evansville in Evansville, IN, from Caesars Entertainment Corporation, as well as the acquisition of Jumer's Casino & Hotel in Rock Island, IL, from Delaware North Companies Gaming & Entertainment, Inc. As previously announced, Bally's acquired…

Travel ・ 09 August 2021

TriState

Tropicana's casino floor returning to operating 24 hours

EVANSVILLE, Ind (WEHT) - After more than a year of temporary adjusted gaming hours, Tropicana Evansville Casino will resume casino operating 24 hours a day on July 2. The casino says that this schedule applies to all of its slot and table games. Smoking, eating and drinking will also return to the casino floor. "We are excited and appreciative to…

Industry ・ 29 June 2021

WEVV

24/7 Gaming Returning to Tropicana Evansville Casino on Friday

After a year of adjusted gaming hours caused by the pandemic, Tropicana Evansville Casino will resume casino operations 24-hours a day, seven days a week, on Friday, July 2. Officials with Tropicana Evansville Casino said Monday that the casino would soon resume around-the-clock operations. As of Friday, July 2, Tropicana Evansville Casino will…

Covid ・ 28 June 2021

Casino Review

Bally’s to acquire Tropicana Las Vegas from GLPI

Bally's Corp is set to acquire the Tropicana Las Vegas from real estate investment trust Gaming and Leisure Properties in a $308m deal. The transaction is expected to close early next year. "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. Bally's - which is…

Travel ・ 17 June 2021

Pennsylvania News Today

New Owners Bring Bally’s Atlantic City Back to Game

Phil Juliano was looking at the Bally's casino through rosy glass. To be more precise, the rosy glass is studded with awkwardly misaligned blue squares. Walking along the Atlantic City boardwalk, he looked up at the glass tower, which was once the hottest and most successful casino at a seaside gambling resort. What he saw was very frustrating to…

Travel ・ 25 June 2021

Enfield Independent

New owners try to get Bally's Atlantic City back in the game Louisiana Pennsylvania America Rhode Island Italian

Phil Juliano was looking at Bally's casino through rose-colored glass. Or more accurately, rose-colored glass flecked with jarringly out-of-place blue squares. Walking along the Boardwalk in Atlantic City he looked up at the glass-encased tower of what once was the hottest and most successful casino in the seaside gambling resort. What he saw…

Sports ・ 01 July 2021

The San Diego Union-Tribune

New owners try to get Bally's Atlantic City back in the game

Phil Juliano was looking at Bally's casino through rose-colored glass. Or more accurately, rose-colored glass flecked with jarringly out-of-place blue squares. Walking along the Boardwalk in Atlantic City, he looked up at the glass-encased tower of what once was the hottest and most successful casino in the seaside gambling resort. What he saw…

Sports ・ 17 July 2021

World Casino News

Jumer’s Casino and Hotel bought by Bally’s Corporation

American land-based casino operator Bally's Corporation has announced the completion of a deal inked in October that has seen it purchase the Jumer's Casino and Hotel facility in western Illinois for $120 million. The Providence-headquartered firm used an official Monday press release to detail that the 205-room venue was previously owned…

Law ・ 15 June 2021

Delaware Business Now

Dover Downs owner Bally's engineers sale-leaseback of Delaware property's real estate

Dover Downs owner Bally'sCorporation has a lot on its plate these days, including a recent deal that offloads the Delaware casino's real estate. Gaming and Leisure Properties is buying the real estate associated withBally'sDover Downs casino for$144 million. The company will lease lease the property back toBally'sfor$12 millionper year, subject to…

Land-based ・ 15 June 2021

Review Journal

Tropicana Las Vegas owner reports solid first-quarter results

The 48 resort properties owned by Wyomissing, Pennsylvania-based Gaming and Leisure Properties Inc. are open and by next year more properties will be in the mix. Executives with GLPI, a gaming-focused real-estate investment trust affiliated with Penn National Gaming that is expected to become the new owner of the Tropicana on the Las Vegas Strip,…

Travel ・ 07 May 2021

Top US Casinos

Bally’s Rebrands, Reopens Former Tropicana Evansville Casino

The former Tropicana Evansville Casino has a new name. The facility is now called Bally's Evansville Casino & Hotel after Bally's purchased it, and it was set to reopen on Wednesday morning, with new signage and the inclusion of the Bally's Rewards program for customers. The deal for Bally's to purchase the casino and hotel. Bally's bought the…

Craps ・ 14 October 2021

The Nevada Independent

Bally’s grows Las Vegas presence with stadium, Trop renovation

Lost in the news surrounding the entry of casino operator Bally's Corp. as a partner in the effort to bring Major League Baseball to Las Vegas were executive suite management changes. The Rhode Island-based company last week named Marcus Glover as chief financial officer. His experience includes overseeing two of MGM Resorts International's largest…

Industry ・ 20 May 2023