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April 30, 2015

Tropicana Las Vegas hotel, casino sale price: $360M

  • Penn National said it will spend another $20 million in improvements at the revived 1,467-room South Beach-inspired resort.
    • By KIMBERLY PIERCEALL
    Associated Press

    LAS VEGAS — Penn National Gaming spent years shopping for a Vegas Strip property and it has finally found one.

    The company announced Wednesday that it is buying the 58-year-old Tropicana Las Vegas, paying $360 million to shareholders including private equity firm Onex Corp.


     
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