M&A Deal Summary

Bally s Acquires Tropicana Las Vegas

On April 13, 2021, Bally s acquired leisure company Tropicana Las Vegas from Gaming & Leisure Properties for 308M USD

Acquisition Highlights
  • This is Bally s’ 5th transaction in the Leisure sector.
  • This is Bally s’ 2nd largest (disclosed) transaction.
  • This is Bally s’ 8th transaction in the United States.
  • This is Bally s’ 2nd transaction in Nevada.

M&A Deal Summary

Date 2021-04-13
Target Tropicana Las Vegas
Sector Leisure
Buyer(s) Bally s
Sellers(s) Gaming & Leisure Properties
Deal Type Divestiture
Deal Value 308M USD

Target

Tropicana Las Vegas

Las Vegas, Nevada, United States
Tropicana Las Vegas is an operator of Hotel and Casino that boasts stylish rooms, suites, and luxury villas, complete with acclaimed restaurants, premier entertainment options, and a 50,000-square-foot casino. The resort redefines the expectations of today's global travelers by providing a casually elegant experience on The Strip, all with a South Beach rhythm and vibe. The property also features Glow® a Mandara Spa and fitness center, Laugh Factory Comedy Club, Trago Lounge, and restaurants such as Robert Irvine’s Public House, Bacio Breakfast, Oakville Steakhouse, Barista Café, Fresh Mix, South Beach Food Court, and Savor Brunch Buffet. Tropicana Las Vegas is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Bally s

Providence, Rhode Island, United States

Category Company
Founded 2004
Sector Gaming
Employees10,000
Revenue 2.5B USD (2024)
DESCRIPTION

Bally's specializes in delivering a comprehensive range of gaming and entertainment experiences through both traditional brick-and-mortar casino venues and expansive digital platforms. Bally's currently owns and operates 10 casinos across six states, a horse racetrack, and 13 authorized OTB licenses in Colorado. Bally's was founded in 2004 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 9 of 12
Sector: Leisure M&A 5 of 5
Type: Divestiture M&A Deals 6 of 6
State: Nevada M&A 2 of 2
Country: United States M&A 8 of 10
Year: 2021 M&A 3 of 6
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 SportCaller

Dublin, Ireland

SportCaller is a free-to-play sporting game provider, whose platform allows fans to connect and compete across a variety of sports. It provides free-to-play and jackpot games for operators and media owners, generating new accounts allied to trackable levels of increased player-activity and loyalty. SportCaller was founded in 2009 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Gamesys Group

London, United Kingdom

Gamesys Group plc is the parent company of an online gaming group that provides entertainment to a global consumer base. Through its subsidiaries, Gamesys Group plc currently offers bingo and casino games to its customers using brands which include Jackpotjoy (www.jackpotjoy.com), Virgin Games (www.virgingames.com), Botemania (www.botemania.es), Vera&John (www.verajohn.com), Heart Bingo (www.heartbingo.co.uk), Monopoly Casino (www.monopolycasino.com), Rainbow Riches Casino (www.rainbowrichescasino.com) and MEGAWAYS Casino (www.megawayscasino.com). Gamesys Group is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Gaming & Leisure Properties

Wyomissing, Pennsylvania, United States

Category Company
Sector Real Estate
Employees19
Revenue 1.5B USD (2024)
DESCRIPTION

Gaming & Leisure Properties is a real estate company. GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in "triple net" lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Gaming & Leisure Properties is based in Wyomissing, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector: Leisure M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Nevada M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Hollywood Casino Perryville

Perryville, Maryland, United States

Hollywood Casino Perryville offers Vegas-style gaming vibes in a friendly community atmosphere. Hollywood Casino Perryville is based in Perryville, Maryland.

Sell $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Bally s Twin River Lincoln

Lincoln, Rhode Island, United States

Bally's Twin River Lincoln is an operator of a casino that is open 24 hours a day and brimming with tables, slots, a VIP lounge, and other grand gambling opportunities. Bally's Twin River Lincoln is one of the largest gaming and entertainment venues in Rhode Island with over 162,000 square feet of gaming space. Bally's Twin River Lincoln is based in Lincoln, Rhode Island.

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