Last April, Gaming and Leisure Properties sold the iconic Tropicana Las Vegas Hotel and Casino to the Rhode Island-based Bally’s Corp for $308m. One of the options is demolishing the hotel-casino and building something from scratch, because it’s one way to “maximize value.” “We have some big plans that are being worked on,” Kim added. Kim told the cited source that the company would “almost certainly” rename the property, as was likely to redevelop it. In an interview with the Las Vegas Review-Journal, Kim said a variety of options are on the table for the Tropicana, including renovating the resort or demolishing it and starting afresh. Bally’s chairman Soonhyung Kim said that once Bally’s completes its takeover of the Tropicana Las Vegas, it will start to redevelop the property on the south end of the Las Vegas Strip. US.- The iconic Tropicana Las Vegas Hotel and Casino was acquired by the gambling company Bally’s Corp in April 2021, and the rebranding process is starting to take shape. Renovation and even demolition are being considered for the Tropicana rebranding process.
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