On Tuesday, Kim, the managing partner of Standard General, wrote to Bally’s board of directors offering to purchase the remaining shares that Standard does not own for $38 per share. Whether or not the Tropicana changes happen while Kim is just a board member or the owner of Bally’s Corporation remains to be seen. “We’re open to it all,” Kim said, adding that it is entirely possible that starting from the ground-up could be a way to “maximize value.” Bally’s could end up going private The company could embark on a complete renovation of the Trop or even raze the entire resort and start from scratch with their own vision. ![]() ![]() Aside from the likely name change, everything is on the table. One change will “almost certainly” be rebranding it as Bally’s, doing away with the famous name.Ĭomplete renovation of the Trop or even raze the entire resort and start from scratchīally’s has no set plans for the Tropicana yet. ![]() In an interview this week with the Las Vegas Review-Journal, Bally’s chairman Soohyung Kim said once it takes ownership of the Tropicana Las Vegas on the south end of the Strip, it will begin redevelopment of the property. Enjoy the Tropicana name in Las Vegas while you can, because the only place you might see it soon is on street signs.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |