You know the saying, ‘what happens in Vegas, stays in Vegas.’ But have you ever wondered who owns the famous Tropicana Casino?
This iconic gambling palace has been a vibrant part of the Las Vegas Strip for decades, but who is the mastermind behind its success?
Dive in to explore the profitability, location, and profits of the Tropicana Casino and discover the answer to the age-old question: who owns the Tropicana Casino?
Key Takeaways
- The Tropicana Casino in Atlantic City has experienced multiple ownership changes throughout its history, including Tropicana Casinos & Resorts, Aztar Corporation, Columbia Sussex Corporation, Tropicana Entertainment, and Tropicana Atlantic City Corp.
- These ownership changes have been accompanied by legal disputes and struggles for profitability.
- The current owner of the Tropicana Casino is Carl Icahn, who transferred ownership to Tropicana Atlantic City Corp.
- The Tropicana Casino is located on the iconic Boardwalk in Atlantic City and offers a wide range of gaming options, restaurants, bars, nightclubs, and an outdoor pool.
Current Owner: Profitability
You may be familiar with the Tropicana Casino in Atlantic City, New Jersey. But did you know that throughout its history, the casino has had a variety of different owners?
From its beginning in 1981, the Tropicana has had a rich timeline of ownership changes and profitability. Let’s take a look at the history of ownership of the Tropicana Casino and the successes it has had over the years.
Historical Ownership: Timeline
Since its opening in 1981, Tropicana Casino has had a few different owners throughout its history. Ownership struggles and legal disputes have been common, with many ownership changes occurring since the casino’s original opening.
The first owner was Tropicana Casinos & Resorts, which was made up of several investors and was a publicly-traded company. After a few years, the company went bankrupt and was sold to Aztar Corporation.
Aztar Corporation was then taken over by Columbia Sussex Corporation, which ran the casino until 2010. In 2010, Tropicana Casino was sold again to Tropicana Entertainment, a company owned by Carl Icahn.
Icahn transferred the ownership of the casino to Tropicana Atlantic City Corp., which is still the current owner.
About the Casino: Location
You’re in for a treat if you’re looking for a great casino experience! The Tropicana Casino is located in Atlantic City right on the Boardwalk. It’s a whopping 79,000 square feet. With so much space, there’s no shortage of things to do!
Location: Atlantic City
Located in Atlantic City, the Tropicana Casino is owned by Eldorado Resorts. It is one of the most popular and well-known casinos in the area, offering a wide range of gaming options to suit the needs of its customer base.
The casino has kept up with the latest gaming trends, offering a variety of slots, table games, and poker. It also boasts a number of restaurants, bars, and nightclubs as well as an outdoor pool.
With its prime location and high-quality gaming experience, the Tropicana Casino is a popular destination for locals and visitors alike.
Area: Boardwalk
Take a stroll down the iconic Boardwalk in Atlantic City – a perfect spot for people watching and enjoying the sights and sounds of the Atlantic City skyline. The Boardwalk is the perfect place to check out the Tropicana Casino, owned by Eldorado Resorts. This area of Atlantic City offers a range of activities, entertainment, shopping, and of course, gambling.
| Activity | Entertainment | Shopping |
|---|---|---|
| Boardwalk Strolls | Live Music | T-Shirt Shops |
| Beach Activities | Comedy Club | Beachwear Boutiques |
| Casino Games | Movie Theater | Souvenir Stores |
At the Tropicana Casino, you can find all the classic casino games, as well as a few unique ones. There’s also a variety of live entertainment, with something for everyone. And if you’re looking for a souvenir or a new outfit, the Boardwalk has plenty of shops to choose from. So come explore the Boardwalk and all the fun activities, entertainment, shopping, and gambling that the Tropicana Casino has to offer.
Size: 79,000 Sqft
Spanning 79,000 square feet, the iconic Boardwalk in Atlantic City offers a wide range of activities, entertainment, shopping, and gambling.
The Tropicana Casino is one of the most popular attractions, hosting thousands of visitors each year. Owned by Gaming and Leisure Properties, Inc., the casino provides an unparalleled gaming experience with world-class customer service.
The 79,000 sq. ft. gaming floor is home to over 2,200 slot machines, over 120 gaming tables, and a high limit gaming area. Plus, there are several restaurants, lounges, and stores for visitors to enjoy.
With such a wide range of amenities, Tropicana Casino is sure to offer something for everyone.
Current Revenues: Profits
You can see how profitable the Tropicana Casino is by looking at its current revenues. With its 79,000 square feet filled with gaming trends, the Tropicana Casino draws in a large customer base. Over the last few years, the Tropicana Casino has seen a steady increase in profits, with the majority of money coming from slot machines, table games, and the on-site hotel. In addition to its gaming offerings, the Tropicana Casino also has a variety of restaurants, entertainment venues, and shopping outlets.
The Tropicana Casino also relies on additional revenue streams, such as their annual events and promos. These events offer customers the chance to win big prizes, with the casino keeping a portion of the profits. The Tropicana Casino also offers a rewards program, which gives customers discounts and other incentives. This program has proven to be successful, as it encourages customers to return and spend more money.
The Tropicana Casino is also investing in new technologies, such as online gaming, to further increase profits. By offering its services online, the casino can reach a much larger customer base. The Tropicana Casino is continuing to grow and expand, and its current revenues are a clear indicator of its success.