$200 Million in Improvement for Las Vegas Tropicana

Penn National announced $200 million, four-year upgrade of the recently renovated Tropicana in Las Vegas, which Penn National bought in August. The improvements will include adding high-quality dining and other amenities, so that guests don’t have to go to nearby competing casinos, and the first new restaurant opening planned for 2016.

Visitors to the Tropicana in Las Vegas will have improved dining options and other nongaming amenities as new owner Penn National Gaming undertakes a four-year, 0 million upgrade.

Penne National CEO Tim Wilmott announced the improvement plan during the Global Gaming Expo in September and says the recently renovated casino and its 1,500 hotel suites and rooms “are in excellent shape and high quality,” the Las Vegas Review Journal reported.

Starting in 2016, Penn National wants to add better restaurants and other amenities so that hotel guests, and their gaming dollars, are less likely to wander across the street to the MGM Grand, New York New York, or Excalibur casinos and use their dining and amenities.

“We see a lot of potential with the Tropicana, and improving the restaurants will be one of our initial efforts,” Wilmott said during a Global Gaming Expo interview.

Penn National plans to research restaurant options and other amenities, and Wilmott said the first new restaurant should open in 2016.

During Global Gaming Expo, Penn National had industry experts analyze the Tropicana’s operation in Las Vegas, and they concluded the casino is in good condition with quality rooms, but it lacks high-quality restaurants and other amenities, Wilmott said.

Penn National closed a deal to buy the Tropicana in August, and while the rooms and casino are in fine shape, Wilmott said its four restaurants are not up to standards.