In a surprising turn of events, Bally’s Corporation has announced that they will not be rushing to acquire the Tropicana Las Vegas property, despite previous reports suggesting otherwise. The company had been in talks to purchase the iconic hotel and casino from its current owner, Gaming and Leisure Properties, but it seems that negotiations have hit a roadblock.
Bally’s CEO George Papanier stated that the company is still interested in acquiring the Tropicana Las Vegas, but that they want to ensure that the deal is done right. “We are committed to growing our presence in the Las Vegas market, but we want to make sure that any acquisition we make is in the best interest of our shareholders and our long-term growth strategy,” Papanier said in a statement.
The news comes as a surprise to many in the industry, as Bally’s had been seen as the frontrunner in the race to acquire the Tropicana Las Vegas. The property, which has been a staple on the Las Vegas Strip for decades, is considered a prized asset in the gaming industry and has been the subject of much speculation in recent months.
While Bally’s may be taking their time with the Tropicana Las Vegas, the company is moving full steam ahead with their plans for a new casino in Chicago. The company has announced that they are on pace for a Q3 2026 debut for the new casino, which will be located in the heart of the Windy City.
The Chicago casino project is set to be a game-changer for the city, bringing in thousands of jobs and millions of dollars in revenue. The casino is expected to feature a wide range of gaming options, including slots, table games, and a poker room, as well as a variety of dining and entertainment options.
With the announcement of the Chicago casino project, Bally’s is continuing to solidify its position as a major player in the gaming industry. While the Tropicana Las Vegas acquisition may be on hold for now, the company’s future looks bright as they move forward with their exciting plans for the Windy City. Stay tuned for more updates on this developing story.
