![]() ![]() “We're waiting on them to see what their actual timing is, and we'll just react to that and manage the property accordingly,” Papanier said, noting the ballpark was, “obviously very positive from a valuation perspective.” Bally’s plans to demolish the Tropicana ahead of the stadium construction, but has not finalized what it will build on the site with the stadium. Papanier, one of three Bally’s executives to address the A’s stadium plans on the conference call, said the timing is the largest hurdle as the company plans the future of the aging Rat Pack-era resort. “We ran into a headwind,” George Papanier, president of Bally’s Corp., said Thursday during the Rhode Island-based company’s second-quarter earnings conference call.Ĭompany executives said the Tropicana’s future is in a holding pattern until Major League Baseball owners approve the team’s relocation to Las Vegas from Oakland, the team’s home for the last 55 years, for a planned $1.5 billion, 30,000-seat stadium on 9 acres of the Tropicana site. Operators of the Tropicana Hotel and Casino said the Las Vegas Strip property was performing above expectations until the announcement three months ago that the site would become the future home of the Oakland Athletics. ![]()
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