International edition
March 06, 2021

Based on market conditions, according to Penn National CEO

Tropicana Las Vegas reopening could be postponed

Tropicana Las Vegas reopening could be postponed
“We plan right now to open the Tropicana in September, but there are a lot of moving parts,” said Penn National CEO Jay Snowden.
United States | 08/07/2020

The property was scheduled to reopen on September 1. The operator's CEO Jay Snowden said Thursday there are ongoing competitive assessments in terms of average daily room rates and RevPAR on the Strip, which will be considered when setting a reopening date.

P

enn National Gaming Chief Executive Officer on Thursday hinted that the Tropicana Las Vegas resort might not reopen as planned on September 1.

During a quarterly earnings call yesterday, CEO Jay Snowden said that there is a possibility the opening of the property could be delayed based on market conditions.

“We plan right now to open the Tropicana in September, but there are a lot of moving parts,” he said, as reported by Las Vegas Sun. “Every day we’re learning and our team on the ground there is continuing to do competitive assessments in terms of average daily room rates and RevPAR (revenue per available room) on the Strip, so we’re going to be really thoughtful around exactly when and how we reopen.”

Like other casino properties in Nevada, Tropicana closed operations per state mandate in mid-March out of concern about the spread of the COVID-19 virus. Like a handful of other Strip casinos, Tropicana has yet to reopen. The resort’s officials announced last month their plans to open in early September.

Though Penn National Gaming continues to operate the property, it was purchased in April by Gaming and Leisure Properties, which announced last month that Tropicana is up for sale.

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