Bally’s (NYSE:BALY) is planning significant changes at Tropicana Las Vegas when it comes to its acquisition of that venue. The buyer could regular knocking the history-rich casino-resort down pat(p) and start over.

In an question with the Las Vegas Review-Journal, Bally’s Chairman Soo Kim says a change of options are on the tabulate for the Tropicana, including renovating the resort hotel or demolishing it and starting fresh.

We’re unfastened to it all,” Kim told the media outlet, adding tearing the casino-resort land and starting over is a potentiality avenue “to maximise value.”

Last April, Bally’s acquired the non-real landed estate assets of Tropicana from Gaming and Leisure Properties (NASDAQ:GLPI) inwards a dealings precious at $308 million. As section of that deal, the gaming companion sold the belongings assets of venues inward CO and Land of Lincoln to the real acres investiture bank (REIT), and in agreement(p) to term of a contract backward those properties. Bally’s has a 50-year hire for Tropicana starting at $10.5 trillion annually.

Kim told the Review-Journal Bally’s expects to closely the Tropicana purchase sometime o'er the next several quarters.

Expect Name Change

As Kim notes, the Tropicana is either inward for significant refurbishment or an outright snap down. But what’s non upwardly for debate is that the locale will eventually turn a loss it’s electric current name.

Bally’s, as it’s doing the mass of its other casinos crossways the country, is likely to go for its figure to Tropicana. Previously known as Twin Falls River Worldwide Holdings (TRWH), the manipulator acquired the Bally’s firebrand from Caesars Entertainment (NASDAQ:CZR) in 2020. It agreed to permission the Bally’s name to the vender for its Strip locale of the same name.

This week, Caesars confirmed Bally’s Las Vegas will take the Horseshoe name, glade the way for Tropicana to turn Bally’s in the future.

Kim adds that his firm’s pursual of a takeover of Bally’s will non impact the Tropicana purchase. Earlier this week, his Standard General put off monetary fund offered to acquire the gaming troupe for $38 a share, valuing it at just now over $2 billion. Standard General controls more than 20 percent of Bally’s equity, making it the casino operator’s largest investor.

Other Plans

With its purchase of Tropicana, Bally’s is also acquiring 35 acres of land. That prime quantity real acres could be used to lure another pro sports franchise to Las Vegas.

Reports surfaced shoemaker's last month that Major League Baseball’s Oakland A’s are bidding for a stadium at the Tropicana site. Other gaming companies with unused Strip ground are believed to be courting the A’s as well. The team up could also pound come out a business deal to delay inward Oakland.

Major League Baseball previously said it will sanction the team’s run to Las Vegas if it doesn’t have a new sports stadium inward Oakland. The franchise’s current letting expires inwards 2024.