Tropicana Purchase Approved by Nevada Regulators

Penn NationalThe Nevada Gaming Commission state regulatory body has given its approval to Penn National Gaming’s earlier-announced purchase of the Tropicana Las Vegas land-based facility.

As reported by iGaming Business in April, US casino and racetrack operator Penn National struck a deal worth $360 million (€314.2 million) to take ownership of the facility in Las Vegas, Nevada.

At the time of the original announcement, Penn National said it would fund the deal through an expansion of its existing credit facilities and cash in hand.

The Tropicana boasts a 50,000 square foot casino as well as more than 1,000 gaming positions and a sportsbook.

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