With a new baseball stadium being built, the Tropicana and its 100,000 square feet of event space will disappear. But besides bringing in a new group attraction, the deal includes a new hotel by the ballpark. Rob Carey | Jun 01, 2023.
Did Tropicana get bought out?
Bally's Corporation, Gaming & Leisure Properties, Inc (GLPI), and PENN Entertainment, Inc acquired Tropicana for a cash purchase price of $148 million. On Tuesday, Tropicana posted on Twitter expressing its excitement about joining the Bally's family saying “We can't wait for all the exciting things to come!”
Is Tropicana going to be Bally’s?
Bally's acquired the building and operations of the Tropicana from Gaming & Leisure Properties in September as part of a $148 million deal.
Is the Tropicana casino being torn down?
The Las Vegas Stadium Authority discussed the potential move of the MLB team to Las Vegas for the first time since lawmakers approved $380M in public financing.
Is Tropicana changing its name?
Why did Tropicana rebrand?
One of the main reasons for rebranding/redesigning is for brands to reconnect with existing consumers and reach out to new ones. Tropicana's redesign consisted of replacing the popular orange with a straw, with a generic glass of orange juice replaced.
Does Pepsi still own Tropicana?
It was founded in 1947 by Anthony T. Rossi in Bradenton, Florida. Between 1998 and 2021 it was a subsidiary of PepsiCo. In August 2021, 61% of Tropicana was sold along with the rest of PepsiCo's juice brand portfolio for $3.3 billion to PAI Partners.
Are the A’s moving to Las Vegas?
Three years after the NFL's Raiders abandoned Oakland for Las Vegas, MLB's Oakland A's announced they're moving there too. The owners of the 30 teams in the league unanimously approved the move Thursday, though the A's aren't expected to play in Vegas until 2028.
What casino in Vegas is changing their name?
Horseshoe Las Vegas (2022–present)The rebranding of Bally's took effect on December 15, 2022, with the exterior still undergoing final changes. A ceremony was held on March 24, 2023, marking completion of the rebranding.