The Nevada Gaming Commission state regulatory body has given its approval to Penn National Gaming’s earlier-announcement of the Tropicana purchase.

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 Tropicana purchase deal through an expansion of its existing credit facilities and cash in hand.

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

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