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Bally's Corp. to Acquire Tropicana Las Vegas

Discussion in 'Casino Industry & Development' started by troe, Apr 13, 2021.

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  1. jeffreylee

    jeffreylee Tourist

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    Bally's Corp has made many interesting moves lately. The company is positioned well to take full advantage of the online sportsbook/casino markets as they open across the country. The Tropicana purchase gives them retail clout On The Strip to support additional growth.
     
  2. Tonyfromjersey

    Tonyfromjersey High-Roller

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    I for one would like to see the ol gal refurbished and rejuvenated. The Tropicana is a classic name. I hope it stays that way. Give me some decent dinning options , Bars , reasonable table mins and some decent VP and I’ll head that way. The strip could use a nice mid level- mid roller joint.
     
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  3. HoyaHeel

    HoyaHeel Grammar Police & Admin

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    So did a lot of old Vegas casinos that no longer exist - Desert Inn, Sahara etc. I'm not saying it's ideal - just that it happens in Vegas because things change.....
     
  4. ATLMM

    ATLMM Low-Roller

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    Was referring to the idea of transferring the Tropicana brand to another casino elsewhere on the strip. If there's no longer a casino called Tropicana then the street name isn't an issue.
     
    • Agree Agree x 1
  5. vegasvstr

    vegasvstr VIP Whale

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    Maybe the Drew could become Tropicana:ssst:

    Wonder how long it will take to finalize the sale, Q4?
     
  6. Headache 21

    Headache 21 VIP Whale

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    I mean hey - Bally's used to be MGM Grand so sure why not.
     
  7. PSM

    PSM High-Roller

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    I can count on two hands the number of times I've been in Tropicana, and I've lost money every time without almost a single hit. Anecdotal, I know, but still a number of personal experiences that have led me to not care about the place.

    Also, I've never felt any real attraction to it in terms of a vibe/ambiance, so I personally hope it gets a complete overhaul. This is probably blasphemy as a Vegas fanatic, but in this particular case, I couldn't care less about the name or history of it. I have just felt zero attachment to Tropicana in all my years of visiting Las Vegas.

    EDIT: Let me rephrase. I DO care about the history of it, because Vegas history is interesting and I love to read about it. But in this case, its history does not outweigh my hope that something better and more attractive as a current Strip destination can be created here.
     
  8. Guy_

    Guy_ VIP Whale

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    I really enjoyed Tropicana on my first few visits to Vegas.
    At that time it felt "Old school vegas" with a "tropical" theme and vibe.

    Since the last renovation it has felt more like a Doctors office then a casino..
    White walls with red circles do nothing for me.
    There is almost no activity going on.. When I walk in during the day you are lucky to see 1-2 table games even open.

    I think it was trying to run with the same strategy as a CET/MGM lower tier casino.. but the problem is that being alone on the strip it can not just do what everyone else is doing.
    CET/MGM get away with doing less for the playerbase/customers because they have multiple locations.. people don't feel guilty playing at Excalibur when they are staying at MGM because it is all the same points.
    When my group walks into places like Tropicana we are looking for either better odds, games we do not see somewhere else or some other draw that makes us want to stay and play... Tropicana just does not have that. its the same shitty rules on table games/VP, very quiet and not engaging at all and completely relies on the fact that it is "on the strip"
    Just look at the first sentence they use in offers to players:

    upload_2021-4-17_19-55-21.png


    For a casino to survive on the strip now it either needs to be the "New Fancy" place, "Player friendly" place (better odds, prices for restaurants/retail), or part of a larger chain that people don't feel is a waste of money with little to no return.

    I really hope they try to make it a "Player friendly" market but even then.. it is very hard to overcome the fact that it is alone and not able to compete with the other "solo" properties like Cosmo
     
  9. Headache 21

    Headache 21 VIP Whale

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    I have never set foot inside the Trop.

    It just looks boring.

    I might have to do a walk through in a few weeks just for shits and giggles.
     
  10. pirviii

    pirviii Low-Roller

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    We used to hit up the Trop every visit with some success. Since the last re-do, it's been more of a pass through. It's in such a good location, but something needs to be done to improve the place.
     
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  11. phade

    phade Keeping tabs on LV while not there...

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    Trop is in a tough spot as noted by many here.

    They have to somehow make it a destination and differentiate against it's corner comparisons - I'd look into making some cool architectural and business plan changes in the passageway from across each street. I believe that would be money well spent. Make the passage some sort of adventure or experience in and of itself. Presently, as noted, people walk around that place to get to MB and it's the least trafficked casino on that corner (by personal opinion). Then make the casino a destination - improve food selections, the building, etc.

    I don't truly understand their market target, so that should be a factor in the above changes, too.
     
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  12. nostresshere

    nostresshere Mr. Anti Debit Card

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    It never occurred to me that the street and casino were the same name. Guess I need to wake up.

    Been in that place a couple times and never clicked with us. But - I hope they make it and not be a victim on the MGM/CET domination.
     
  13. vegasvstr

    vegasvstr VIP Whale

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    Agree, needs something to draw people there or be "Instagramable".
    The empty space and non-functioning rock fountain out front does them no favors.
     
  14. subafrk

    subafrk Longing to be sipping a Scotch at the Cromwell...

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    I think they need to tear it down and rebuild The Montecito. All joking aside, I hope they keep the name and update it the old girl. I worked there a lifetime ago so I'm a little sentimental. The place definitely has some history.
     
  15. VPDeuces

    VPDeuces Dishwasher safe

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    My earliest memory of the Tropicana is that the dealers all wore tuxedos and the table minimums were outrageously high at $5 (this in the era of $2 craps/bj). Yes, I’m old. Loved the swim up blackjack at the great pool.
     
  16. jmn3

    jmn3 Low-Roller

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    To me, Trop has a good location but then again it doesn’t. It’s got the “bad” corner going for it. I don’t have statistics but it always seems that a majority take the other bridges across to NYNY/Excalibur to head south. I stay at MGM a lot and tend to take those bridges to head down toward Mandalay Bay but I know my way around.

    Then there’s the unwelcoming entrance when you do come off of those bridges. It’s just a plain and very bla space that does nothing to draw people in from outside.

    Once you’re inside it’s even worse. Lousy selection of slots, and nothing to draw or keep a crowd inside. Inside it just reminds me of a bigger Casino Royale without the location or a middle of the road downtown casino without the improved gaming and restaurants you’d get downtown.

    On my very first trip we stayed at Excalibur. We never slept until 6am that first night and spent some time at Tropicana after taking obligatory bridge pics over the strip. It will forever be the place where I played one of those fake live dealer BJ games that was located upstairs down a long hallway toward the pool....and where the machine jammed and we had to wait an hour for someone to show up and give me my $20 back.

    Not sure what the rooms are like but the pool always seemed nice and the location could be nice if they made that corner more inviting. It would be nice if new ownership put money into it that would make it a real destination vs a place you stop into for five minutes before high tailing it out to head to MGM or Mandalay/Luxor/Excal.
     
  17. vegasvstr

    vegasvstr VIP Whale

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    Last edited: Apr 25, 2021
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