VICI had already owned 50.1% of MGM Grand Las Vegas and Mandalay Bay after completing its $17.2 billion buyout of MGM Growth Properties in May. VICI Properties, the real estate investment trust based in New York, made a deal with Blackstone Real Estate Investment Trust to purchase 49.9% of the company’s stake in the two properties. The largest property owner on the Las Vegas Strip is set to acquire complete control of two properties, the MGM Grand Las Vegas and Mandalay Bay. Other major changes and renovations are not expected at the property for the next couple of years. According to the Las Vegas Review-Journal, guests that use Tropicana’s mychoice loyalty program are required to transition to Bally’s Rewards program. is a gaming, betting, and entertainment company based in Rhode Island and plans to make the Tropicana its Western flagship operation. In late September, the Nevada Gaming Commission approved the $308 million acquisition from Penn Entertainment Inc. Notable Acquisitionsīally’s Corporation acquires Tropicana Las Vegasīally’s Corp., not to be confused with Bally’s Las Vegas Hotel & Casino, which recently changed its name to Horseshoe Las Vegas, is the new owner of the Tropicana Las Vegas. The results of those construction plans, new acquisitions, and big-name entertainment residencies are what’s ahead for 2023. Many acquisitions, such as Hard Rock’s purchase of The Mirage, have become more official, while Station Casinos plans to build several properties by 2030, including Durango Casino & Resort, which will open late next year. In 2022, Las Vegas announced several new projects coming to The Strip and beyond.

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