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Bally's Buys Operations At Las Vegas' Tropicana Casino


Bally’s is making a bet on the Tropicana Hotel & Casino in Las Vegas.
Bally’s agreed to buy the operations business for the hotel and casino, while the REIT Gaming & Leisure would retain its ownership of the property itself and continue to collect rent, Bloomberg News reported.
Bally’s has been on an acquisition streak lately, having recently struck a $2.7 billion deal to buy online gaming company Gamesys Group Plc. But this would be the Rhode Island-based gaming company’s first operation in Las Vegas. Chairman Soohyung Kim said the firm would likely remodel the property, adding slot machines and putting up new signage. ....

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