Bally’s Chicago Deal Could Be Playbook for Tropicana Las Vegas

Last Friday, Bally’s (NYSE: BALY) unveiled a broad agreement with Gaming and Leisure Properties (NASDAQ: GLPI) under which the real estate investment trust (REIT) will provide much-needed financing for the gaming company’s permanent Chicago casino. At least one analyst believes the accord could be instructive regarding how Bally’s proceeds in Las Vegas. The Tropicana Las…

Read More

Petersburg Casino Referendum Approved for November Ballot

Voters in Petersburg, Va., this November will pick not only their next U.S. president but also decide whether they wish to allow a commercial casino in their city. A rendering of the proposed $1.4 billion mixed-use development and integrated resort casino called Live! Casino & Hotel Virginia. For the project to be greenlit, local voters…

Read More

Remembering The Mirage, the Vegas Game-Changer That Closes This Week

This Thursday, The Mirage, the casino resort that remade Las Vegas, closes up shop for good. Tourists line Las Vegas Boulevard to watch The Mirage’s volcano show one last time. (Image: Wall St. Journal) The body of what was once the world’s largest resort will live on, as the 3,000-room structure with the 91,000-square-foot casino…

Read More

Iowa Gaming Regulators Detail Timeline for Cedar Rapids Casino Bid

The Iowa Racing and Gaming Commission (IRGC) says it will consider a proposal for a commercial casino resort in Cedar Rapids following the state’s recent termination of a moratorium on new gaming licenses. A rendering of the Cedar Crossing casino resort pitched in 2017 that was rejected by the Iowa Racing and Gaming Commission. Iowa…

Read More

Bally’s Plugs Chicago Casino Funding Gap in $2B Deal with GLPI

Shares of Bally’s (NYSE: BALY) surged Friday after the gaming company announced it will strike deals with Gaming and Leisure Properties (NASDAQ: GLPI) for an aggregate of $2.07 billion in financing. That closes an $800 million shortfall the operator faced on its Chicago casino hotel project. Bally’s temporary casino in Chicago. The operator announced a…

Read More

VEGAS MYTHS RE-BUSTED: The Imperial Palace was Shaped Like a Swastika

EDITOR’S NOTE: “Vegas Myths Busted” publishes every Monday, with a bonus Flashback Friday edition. Today’s entry in our ongoing series originally ran on Nov. 11, 2022. A popular myth has resurfaced since the LINQ Hotel replaced the Imperial Palace on the Las Vegas Strip in 2014 — that the latter was shaped like a swastika…

Read More

The High Line Announces Opposition to Wynn New York Casino

The High Line, a nonprofit group named after a park on the West Side of Manhattan, launched the “Protect the High Line” campaign in opposition to plans by Related Cos. and Wynn Resorts to bring a casino hotel to that part of New York City. Part of the High Line area of New York City.…

Read More

Strat Could Be Mirage Closing Winner, Says Analyst

With the Tropicana shuttered in April, and with the Mirage heading for a temporary closure starting July 17, it doesn’t take an expert to figure out that room supply on the Las Vegas Strip is declining. Golden Entertainment’s Strat Las Vegas. The venue could benefit from the Mirage and Tropicana closures, says an analyst. (Image:…

Read More

Bally’s Files Implosion Permit Application to Drop Trop

Bally’s Corporation, which closed the Tropicana Las Vegas last April and has slowly been demolishing it since, filed an application to implode the casino resort’s two 22-story towers on Thursday. One of the Tropicana’s two main towers stands gutted down to its concrete and steel on July 6. (Image: YouTube/@AmericaJR) The permit application, filed with…

Read More

Live! Casino Pittsburgh Announces Renovation of Gaming Venue

Live! Casino Pittsburgh in Hempfield at the Westmoreland Mall is undergoing change. Live! Casino Pittsburgh is undergoing a floor modification and expansion of its high-limit area. Baltimore-based Cordish Companies says the renovation will run about $3 million. (Image: Tripadvisor) Owned and operated by The Cordish Companies, the Baltimore casino firm that additionally runs Live! Casino…

Read More