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Bally’s agrees $308m deal to acquire Tropicana Las Vegas

14th April 2021 8:30 am GMT

New York-listed Bally's Corporation has set its sights on the Las Vegas Strip with a $308m deal to acquire Tropicana Las Vegas.

The acquisition represents the company’s first Las Vegas asset and second in Nevada following its recently closed acquisition of the MontBleu Resort Casino & Spa.

Bally’s will purchase Tropicana Las Vegas from Gaming and Leisure Properties (GLPI) in a transaction valued at $308m, with the purchase price for the property's non-land assets amounting to $150m.

GLPI [...]

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