Penn National is the Trop’s current operator. Bally’s is also taking over Penn National’s remaining equity interest in the Tropicana. The transaction includes just the non-land real estate GLPI will keep the land on which the Tropicana is built.
(GLPI) has agreed to sell the Tropicana Las Vegas Hotel and Casino to Bally’s Corporation for $150m.
In a deal that the company’s chief executive describes as “complex,” Gaming and Leisure Properties, Inc.
