Bally's GLPI and PENN completed the transaction relating to the acquisition of the non-land assets of the Tropicana Las Vegas for a cash purchase price of
148 millon dollars. Bally's will lease the land underlying the Tropicana property from GLPI for an initial term of 50 years at annual rent of 10.5 million dollars.
The Tropicana Las Vegas Hotel and Casino is located in
Las Vegas, Nevada, on a 35-acre parcel on the corner of Tropicana Boulevard and Las Vegas Boulevard. It includes 1.470 guest rooms, 50.000 square feet of casino space with 1.000 gaming positions, a 1.200-seat perfomance theater and 100.000 square feet of convention and meeting space.
About Bally's Corporation
Bally's Corporation is a global casino-entertainment company with iGaming offerings and Online Sports Betting. It currently owns and manages
15 casinos across 10 states, a horse racetrack in Colorado and has access to OSB licenses in 18 states.
It also owns Bally's Interactive International, formerly Gamesys Group, a leading, global, online gaming operator,
Bally Bet, a first-in-class sports betting platform,
Monkey Knife Fight, the fastest growing daily fantasy sports site in Noth America,
Live at The Bike, the world's largest running poker livestream
, SportCaller, a leading, global B2B free-to-play game provider, and
Telescope Inc., a leading provider of real-time fan engagement solutions.
With 10.500 employees, the Company's casino operations include approximately
15.000 slot machines, 500 table games and 5.300 hotel rooms. Upon completing the construction of a temporary casino facility in Chicago, IL and a land-based casino near the Nittany Mall in State College, PA, Bally's will own and manage 17 casinos across 11 states. Its shares trade on the New York Stock Exchange under the ticker symbol "BALLY".
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