Within two days, signs are expected to be posted in the casino alerting players to the change. Tropicana customers can expect to see some immediate changes as the casino transitions from Penn Entertainment’s mychoice loyalty program to the Bally’s Rewards program. The deal is expected to formally close Sunday or Monday. Bally’s will pay GLPI $10.5 million a year in a 50-year lease agreement. The land on which the resort sits will continue to be owned by real estate investment trust Gaming and Leisure Properties Inc., which is affiliated with Penn Entertainment. That property, owned by Caesars Entertainment Inc., is expected to rebrand with the Horseshoe name.īally’s intends to make the Tropicana its western flagship operation. was cleared on Thursday to close on its purchase of the Tropicana Las Vegas by the Nevada Gaming Commission.Īfter a one-hour hearing, commissioners unanimously approved the Providence, Rhode Island, company’s $308 million acquisition from Penn Entertainment Inc., a deal first announced in April 2021.īally’s is not affiliated with the Bally’s resort about a mile north of the Tropicana on Las Vegas Boulevard. (Ellen Schmidt/Las Vegas Review-Journal) Corp.
