- Bally’s Corp Buys Las Vegas Strip Casino
- Car Sandwiched In Vegas Strip Pedestrian Bridge
- Detroit Casinos See Growth During March
This week’s casino news starts off in Las Vegas where there have been all sorts of happenings on The Strip. We’ll start with the purchase of the Tropicana, which is soon changing hands.
Bally’s Corp Purchases Las Vegas Strip Casino
Bally’s Corp has been making a slew of moves to revive the brand and now they’ve made a big one in Las Vegas. Bally’s has purchased their first casino on the Las Vegas Strip to expand their brand. They were able to strike a deal with Gaming & Leisure in order to purchase the Tropicana Las Vegas Hotel and Casino for around $150 million. However, Bally’s is only buying the operations end of the business and not the official property just yet.
In order to make this move work, Bally’s Corp has plans to sell their properties in Black Hawk, Colorado as well as Rock Island, Illinois. Each of those properties are actually being sold to Gaming & Leisure for $150 million as well and is set up similar to the other deal as all operations will go to Gaming & Leisure while Bally’s Corp will still own the property itself.
Tropicana is now officially the first Las Vegas property that Bally’s owns. Though they do have another one in the state of Nevada as they purchased MontBleu Resort from Caesars Entertainment earlier in the month.
If you’re familiar with the Bally’s casino that’s currently on The Strip and wondering about the relation to Bally’s Corp, it’s unrelated. The current Bally’s is owned and operated by Caesars whereas one that just bought the Tropicana is Bally’s Corp.
Car Finds Itself Wedged On Las Vegas Strip Pedestrian Bridge
Speaking of happenings in Las Vegas, a car crashed into the Las Vegas Strip pedestrian bridge recently, which is not something that anyone sees every day. The bridge that connects the Encore at Wynn Las Vegas from the parking garage and the actual casino had to deal with an odd impediment when a driver somehow wedged his car into the tight passageway and onto the bridge.
The driver was drinking and was eventually arrested for a DUI. Pictures of the incident went viral when Twitter tweeters were complimenting the driver, claiming that it was impressive he was able to get the car into the tight space despite being intoxicated.
While this situation didn’t end up with any fatal injuries, it does bring up the issue of drunk driving on The Strip. There have been multiple accounts of drunk driving on the Las Vegas Strip over the years, with some of the incidents even resulting in fatality.
Detroit Casinos See Improvement During March
So many casinos were hurt over the wake of the COVID-19 pandemic but we appear to be seeing the light at the end of the tunnel. Many of them are starting to see some signs of recovery. Casinos in Detroit have been able to get some strong gaming revenue during the month of March, $114 million to be exact. This number happens to be a 93 percent increase in year-over-year revenue as well as a 28 percent improvement compared to February of 2021.
All of the casinos in the state may be improving, but restrictions are still there. No casino is able to operate over 30 percent capacity in the Detroit area. This has caused the casinos to be well under capacity.
MGM Grand Detroit, Greektown and MotorCity were able to combine for the $114 million earned in revenue during March. Out of that money, $110.87 were from all table games and slot machines in the casinos while the other $3 million was from retail sports betting.