The company’s Northern Nevada property, Bally’s Lake Tahoe, was known as MontBleu but quickly took on the Bally’s brand last year.īally’s, which has 17 casinos in 11 states, has been on a massive growth path for the last two years. There are no immediate plans to change the name of the property. Most other aspects of the transaction will be unchanged for some time.Įxecutives said all workers at the Tropicana will continue to have jobs with the same pay and benefit levels as they had under Penn.īally’s plans to strategize on a long-term plan for 90 to 180 days and won’t likely make any improvements to the Tropicana for one or two years. Points won’t be transferred, and mychoice rewards will be allowed to be used at the M Resort, which is operated by Penn. 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.

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