Bally’s Corporation has completed the acquisition of the Tropicana Evansville in Indiana from Caesars Entertainment.
US.- The Indiana casino Tropicana Evansville has become part of the Bally’s Corporation after the company completed its purchase from Caesars Entertainment.
Through the $140m acquisition, Bally’s also enters the Indiana sports betting market.
An affiliate of Gaming and Leisure Properties acquired the Tropicana Evansville’s real estate for $340m and will lease it to Bally’s for $28m per year. GLP also acquired the real estate at Bally’s Dover Downs casino for $144m and will lease it back to Bally’s for $12m per year.
Tropicana Evansville in numbers
Tropicana Evansville has 45,000 sq ft of casino floor, four dining venues, a race and sportsbook and back-of-house space. It also has 11,000 sq ft of convention space and the Riverfront Event Center located across the street, which includes 10,000 sq ft of meeting rooms overlooking the Ohio River.
There is also a 243-room hotel tower and a 95-room boutique hotel.