Bally's completed the acquisition of Tropicana Las Vegas Hotel And Casino from GLPI for $308m.

Bally's, a US omnichannel provider of land-based gaming and interactive entertainment, completed the acquisition of Tropicana Las Vegas Hotel And Casino from Gaming and Leisure Properties, a publicly-traded gaming-focused real estate investment trust, for $308m. "Landing a preeminent spot on the Las Vegas Strip is a key step for us. The Strip is visited by over 40m players and guests per year, which we believe will significantly enhance Bally's customer base and player database, as well as unlock marketing opportunities to leverage the iconic Bally's brand. This expansion will also support the growth and development of our online and interactive business. We look forward to exploring significant redevelopment of the property, which we believe will enhance its financial profile," George Papanier, Bally's President and Chief Executive Officer.