“(Our cash flow) has declined as bookings are harder to manage because we don’t know when it’s going to close and also, frankly, our employees are starting to leave as there are new properties in the area and they don’t know when we’re going to redevelop,” Bally’s Director Soo Kim told investors in Wednesday’s third-quarter earnings call. Gaming and Leisure Properties Inc., the real estate investment trust that owns the land beneath the Tropicana, said in a Friday earnings call that it won’t determine whether it would invest more in the Tropicana project until the A’s disclose their plans. Representatives of the A’s told the Las Vegas Stadium Authority last week that it doesn’t expect to begin construction on a 33,000-seat stadium on 35 acres of Tropicana land until April 2025. executives see short-term pain, but long-term gain with its Tropicana Las Vegas-Oakland A’s stadium project - and some of that pain involves employees leaving the hotel because of future uncertainties.Įxecutives said they don’t expect to have any development announcements until after Major League Baseball and the A’s confirm the team’s relocation to Las Vegas, expected to be considered later this month. (Bizuayehu Tesfaye/Las Vegas Review-Journal) Corp. The Tropicana hotel-casino site where the Oakland Athletics are planing to build a new ballpark on the Las Vegas strip is seen, on Tuesday, May 16, 2023, in Las Vegas.
