58-Year Old Strip Hotel To Be Sold. Another Golden Era Property Changing Hands
We all know that Las Vegas is forever morphing into something new. At times, it seems to have little regard for its history. Remember the Dunes, Oasis, Aladdin, and Hacienda? How about the El Rancho, Desert Inn, and Thunderbird?
So many of the historic hotels that we all knew have already been blown into dynamite dust, rebranded, or closed. In the last two decades, we have lost the Stardust, Frontier, Sands, Boardwalk, Imperial Palace, Bills Gambling Hall, and other smaller properties. In the last year, the Riviera and Las Vegas Club have closed their doors.
Now, the Tropicana is about the change hands. The Penn National Gaming will be the new owner. The Tropicana has not been a money maker in recent years and was ripe for a change. This will be Penn’s first property on the Strip. Their other property is the M Resort, sitting 12.7 miles south of McCarran airport. The future of this property is uncertain. We will have to wait and see what plans the new owners have to turn the Tropicana around.