Well that escalated quickly! Just weeks after announcing Las Vegas baseball was a done deal, and that a new stadium would be built off the Strip near Interstate 15, things have turned once again. And it all pivots around public funding. Don’t worry, the A’s still plan to move to Sin City. However, in order to meet the fast approaching deadline of June 5th (which is the end of the Nevada Legislative session), some things needed to be moved around… like the location of that new stadium. Originally, the location of the new Las Vegas baseball stadium was west of…

Ah, the Tropicana Las Vegas. An actual landmark. One we have teased a bit over the years, but still one of the oldest and most recognizable names in Sin City. But are it’s days on the Strip over? Last week, owners Penn National announced they would be selling the Tropicana to navigate through the financial downturn caused by the Coronavirus outbreak. They are disposing of the real estate assets but it will continue to operate the facility. Given the uncertainty about the duration of the pandemic and with no meaningful revenue for the foreseeable future, the gaming company also said…

US casino and racetrack operator Penn National Gaming has entered into a definitive agreement to acquire the Tropicana Las Vegas Casino and Hotel for $360 million (€323.5 million). Penn said that it intends to fund the acquisition of the Nevada land-based facility through an expansion of its existing credit facilities and cash in hand. Located on a 35-acre land parcel at the corner of Tropicana Boulevard and Las Vegas Boulevard, the Tropicana boasts a 50,000 square foot casino as well as more than 1,000 gaming positions and a sports book. The transaction and credit facility expansions remain subject to regulatory…