“We continue to receive some unsolicited interest in Prairie State Gaming, as well as some of the land holdings we have in Las Vegas at Tropicana, so we’re continuing to engage in those conversations,” he said. Fair said in response to a question from an investor. “We have a couple of wholly owned, very valuable assets in our portfolio that we believe are not appropriately valued in our share price today, and there have been recent transactions, both in Las Vegas on the Strip as well as in the route operation business in Illinois, at very attractive multiples in both cases,” Chief Financial Officer B.J. said in their third-quarter earnings conference call that they have received offers for the Tropicana and for Prairie State Gaming, the company’s slot route company in Illinois, and they have considered deals to reduce debt faster. Richard Brian Las Vegas Review-Journal of the 1,400-room Tropicana said Thursday they are evaluating unsolicited offers to buy the property or its real estate, but they added that a sale isn’t imminent.Įxecutives of Penn National Gaming Inc.
The Tropicana Las Vegas hotel-casino on the Strip, Monday, Dec.