“Concurrent with that, we’ll be drilling down on reinvestment redevelopment of the property,” Reaser said. Papanier said there wouldn’t be any changes to the Tropicana’s restaurant operations, and the casino will eventually be converted to the Bally’s player database.ĭan Reaser, outside legal counsel for Bally’s, told regulators the company will develop a marketing plan for the first 90 days to 120 days of ownership. There was no mention of the baseball stadium during the presentation. The site has been reported to be a potential location to house a $1 billion stadium for Major League Baseball’s Oakland A’s, should the team choose to relocate from the Bay Area. Company officials told the control board it could be well into 2023 before any redevelopment takes place on the 34-acre south-Strip location. Rhode Island-based Bally’s first announced the acquisition of the 1,500-room Tropicana in April 2021 as part of a $308 million deal with GLPI that included sales-leasebacks of regional casinos in Colorado and Indiana.īally’s will pay GLPI $10.5 million annually to lease the Tropicana site under a 50-year rental agreement that is subject to increases. The company was formerly known as Twin River Worldwide Resorts before acquiring Bally’s name and trademarks from Caesars Entertainment. Bally’s has 14 regional hotel-casinos in the U.S., including Bally’s Atlantic City. Papanier described Bally’s rapid development as one of the larger regional casino operators in the U.S., including the company’s winning bid earlier this year to develop a $1.7 billion hotel-casino complex in downtown Chicago.

Gamesys CEO Lee Fenton became CEO of Bally's.įenton told regulators the company has the right to immediately end any contractual agreements with clients “if we think that they ever compromise our position with any regulator around the world.” The international interactive division was acquired in the company's $2 billion merger last year with United Kingdom-based Gamesys Group PLC. Control Board members spent much of the nearly two-hour hearing discussing Bally’s compliance program and asked questions surrounding the company’s interactive division that has operations in “gray markets,” international locations that may not be legal.

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