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Tropicana Entertainment Selling Locations Including Evansville In $1.85 Billion Deal

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Tropicana Entertainment Selling Locations Including Evansville In $1.85 Billion Deal

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Tropicana Entertainment Selling Locations Including Evansville In $1.85 Billion Deal

Tropicana entertainment announced plans to sell its casino and hotel operations.

44news reporter amanda porter is live from the tropicana with a look at what this means for evansville.

Amanda?

The sale of the tropicana casino may not impact the folks who stay in the hotel and gamble in the casino - at least not right away.

That could all change once the new owners are in place.

But until then city officials tell me they expect business to go on as usual.

Change is nothing new for casino patrons.

They once played slots and table games in a riverboat casino -- which recently moved into downtown evansville.

And now - the name of the casino is about to change.

Tropicicicicancasino holdings will be sold to "gaming and leisure properties, incorporated..."

"we certainly don't expect any major change in how the relationship and the city and the new owner."

Since "glpi" is not authorized to conduct gaming, the gaming and hotel operations are being sold to another company.

"a company n el dorado who is a gaming operator purchasing the other assets of tropicana and they would be under this proposal, the operator."

The deal is in the early planning stages.

In fact, the indiana gaming commission says it has yet to get an application for the deal.

"a transaction like this triggers many approvals.

They are subject to customary approvals both here and iother jurisdictions."

"once we receive those we will have a better idea of how long our investigation will take."

In the meantime - evansville mayor lloyd winnecke says he is confident the city will maintain good relationships with possible new investors.

"this will be a time consuming process but we are confident that el dorado's commitment to the city is strong.

We are confident the local leadership team will remain in place, and again the relationship between the city and the local leadership team is very, very strong."

The indiana gaming commission says the proposal could possibly be ready by the third or forth quarter depending on when the casino submits a proposal.

Live in evansville... amanda porter, 44news.




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