Tropicana Looks to Be First Las Vegas Casino Sale of 2020.
A sale of Tropicana Las Vegas could help Penn National reduce a behemoth debt way faster. And while the property’s sale was not imminent about two months ago, it now seems that conversations might have quickly led up to Penn National offloading its Strip hotel and casino resort. Sale Now Seems Imminent. According to Vital Vegas, Penn National has accepted one of the offers it had received.
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Penn National finalises sale of Tropicana Las Vegas. Real estate investment trust Gaming and Leisure Properties completed its purchase of the Tropicana Las Vegas Casino Hotel Resort from Penn National Gaming on 16 April. Penn National will continue to operate the Strip resort once the property reopens, under a two-year lease agreement with GLPI. Nevertheless, the Pennsylvania-based REIT.
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