Looking To The Future Now That The Tropicana Las Vegas Is Closed

The $1 and the iconic Vegas Strip casino won’t be forgotten. Visitors will be able to see some remains of the casino moving forward.

Some super fans can even take a little bit of the Tropicana home.

Current plans for the future of the land where the Tropicana still stands are penciled in but questions remain as there isn’t a solid timeline for the property moving forward. There’s still a lot of work to do.

There are still questions about the future of Bally’s Corp. (NYSE: BALY), owner of Tropicana operations as well as the Oakland A’s relocation to go private and restructuring. The company recommends Bally’s should sell “non-core assets” to lower debt. Under the recommendation, Bally’s would stop “risky” construction projects.

Bally’s is currently planning new casinos in Chicago, New York City, and a replacement for Tropicana in Las Vegas. It’s possible one or more of these could be considered risky.

There’s plenty of work to do before there’s an entirely clear plan for building a stadium, casino, hotel, retail plaza, and more where the Tropicana once stood.

Sources

1. Tentative Tropicana demolition date set ↩︎
2. Brilliant! ↩︎
3. Neon Museum and Oakland Athletics eye collaboration ↩︎
4. Tropicana Las Vegas liquidation sale ↩︎
5. Bally’s Forms Special Committee To Evaluate Preliminary, Non-Binding Acquisition Proposal By Standard General ↩︎
6. Special Committee of Bally’s Retains Financial and Legal Advisors in Connection With Standard General’s Proposal ↩︎
7. Bally’s credit downgrade won’t affect A’s stadium project, official says ↩︎
8. K&F urges Bally’s to reject Standard General’s ‘woefully undervalued’ buyout offer ↩︎