Anonymous ID: 56a0c5 Oct. 10, 2024, 2:15 a.m. No.21739582   🗄️.is 🔗kun   >>9583 >>9710 >>9731

>>21739578

>>21739579

>>21739580

 

2016

 

https://www.reviewjournal.com/business/casinos-gaming/investments-in-tropicana-las-vegas-seen-continuing/

 

Home >Business >> Casinos & Gaming

Investments in Tropicana Las Vegas seen continuing

Penn National Gaming will continue to leverage its investment in its Tropicana Las Vegas property and add to its holdings in Mississippi to expand and diversify revenue, company officials said Thursday.

 

The Wyomissing, Pennsylvania-based company that operates the Tropicana and the M Resort in Southern Nevada, reported a 2.6 percent increase in revenue to $776.2 million in the first quarter of 2017, which ended March 31.

 

The company is the midst of a $40 million investment at the Tropicana and plans to hold off further investment there until it evaluates the results of building celebrity chef Robert Irvine’s first signature Las Vegas restaurant.

In the meantime, Penn will close next week on the $44 million acquisition of Bally’s Casino Tunica and Resorts Casino Tunica in Mississippi. The company expects to develop synergies by sharing some operational functions with the company’s existing Hollywood Casino Tunica operations.

 

“Since acquiring Tropicana Las Vegas in 2015, we have leveraged the property’s high-quality room base and our player database while enhancing key amenities and the overall guest experience,” Penn CEO Tim Wilmott said in a statement announcing the company’s earnings.

“Based on extensive customer research, our capital spend to date has been focused on improving the casino floor experience and expanding and upgrading food and beverage offerings,” he said.

 

The Robert Irvine Public House, a 260-seat high-end tavern, will open in the summer.

“We are also upgrading several of the property’s existing restaurants and lounges and adding a quick-serve food concept which will bring our expected incremental investment in the facility since acquisition to approximately $40 million,” Wilmott said. “As we have previously stated, we have postponed further investment in the Tropicana Las Vegas master plan as we evaluate the results of our initial food and beverage upgrades and other facility and operational changes.”

 

Wilmott said the property should get a boost in June when a pedestrian bridge between the MGM Grand and the Tropicana is reopened.

On Friday, Penn shares lost 33 cents, or 1.75 percent, to close at $18.48.

 

The company had mixed results in its other regional properties. The company’s Hollywood Casino at Charles Town Races in West Virginia didn’t fare as poorly as expected with the opening of nearby MGM Grand National Harbor in Maryland in December.

 

But the company’s $390 million Hollywood Casino Jamul-San Diego has underperformed since its October opening, although company officials said results were stronger there in March and April after increased marketing efforts.

Penn National by the numbers

 

First quarter earnings:

 

1Q 2017 1Q 2016

 

Net revenue $776.2 million $756.5 million

 

Net income $5.1 million $23.7 million

 

Earnings per share 6 cents 26 cents

Anonymous ID: 56a0c5 Oct. 10, 2024, 2:25 a.m. No.21739585   🗄️.is 🔗kun   >>9668 >>9710 >>9731

Route 91 Vegas Massacre October 1, 2017

 

>>21739583

>>21739562

>>21739578 OCTOBER 2017 https://www.youtube.com/watch?v=Rd-qz6ei-UM

 

@shawyonsharifi3394

1 month ago (edited)

Ok so for everyone wondering here’s the theory. The whole Vegas shooting of 2017 was a larger international plot to assassinate the brother of the Saudi prince. Who u can see in this video being escorted with his security team after the shooting began. So here’s the story. Paddock, thr man we’ve all seen in the news is actually a Philippine-American arms dealers. This would make sense as he has been to the Philippines multiple times a year and has a vast interest for guns. The theory is the person he’s dealing arms to is the suadis. So they (Saudi mercenaries) agree to meet paddock at his hotel suite at the mansdlay bay. (This suite is directly below a whole floor owned by the Saudi royal prince). When they meet him there p, they kill him. They then take the guns he has smuggled and go to assassinate the Saudi princes brother (who we see in this video) but unexpectedly to them, he was not in the suite above them (the one owned by the Saudi royals at mandalay bay) but was gambling at the Tropicana. So now they must create a distraction, they start shooting into the crowd below. Which would explain why people accounted for multiple shooter. It also explains why there’s no official motive for paddock.