tropicana las vegas hotel and casino inc

The lease will have initial annual fixed rent of $12 million, subject to increase over time. Bally's and GLPI will also will enter into a sale-and-leaseback transaction relating to Bally's Black Hawk, Colo., and Rock Island, Ill., casino properties for a cash purchase price of $150 million payable by GLPI. In addition, Bally's has agreed to lease the land underlying the Tropicana property from GLPI for an initial term of 50 years at annual rent of $10.5 million, subject to increase over time. Explore dining, gaming, live entertainment and world-famous The. It is owned and operated by Ballys Corporation, on land leased from. The purchase price for the Tropicana property's non-land assets is $150 million. Circus Circus Hotel & Casino on the Las Vegas Strip is your family-fun vacation destination. The Tropicana Las Vegas is a casino hotel on the Las Vegas Strip in Paradise, Nevada. It includes 1,470 guestrooms, 50,000 square feet of casino space with 1,000 gaming positions, a 1,200 seat performance theater and 100,000 square feet of convention and meeting space.

The Tropicana Las Vegas, a DoubleTree by Hilton hotel and casino is located on a 35-acre parcel on the corner of Tropicana and Las Vegas boulevards.

Bally's estimates the transaction to be valued at approximately $308 million. See other industries within the Accommodation and Food Services sector: Drinking Places (Alcoholic Beverages).

has agreed to purchase the Tropicana Las Vegas hotel and casino from Gaming and Leisure Properties, a publicly traded gaming-focused real estate investment trust. Accommodation and Food Services, Casino hotel.

Tropicana las vegas hotel and casino inc