{"id":211560,"date":"2022-05-02T02:00:05","date_gmt":"2022-05-02T09:00:05","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=211560"},"modified":"2022-05-02T11:54:31","modified_gmt":"2022-05-02T18:54:31","slug":"glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/","title":{"rendered":"Gaming and Leisure CEO Carlino Says Oakland A\u2019s Have \u2018Strong\u2019 Interest in Bally\u2019s Site"},"content":{"rendered":"

Major League Baseball\u2019s Oakland Athletics haven\u2019t yet confirmed a move to Las Vegas. But one real estate executive might have insight into the club\u2019s Sin City plans.<\/p>\n

\"Tropicana
Tropicana Las Vegas, seen above. A real estate executive says the Oakland A’s remain interested in building a stadium there. (Image: Getty Images)<\/figcaption><\/figure>\n

Gaming and Leisure Properties (NASDAQ:GLPI) CEO Peter Carlino said on the company\u2019s recent first-quarter earnings conference call that the A\u2019s remain interested in a potential stadium project near the Tropicana on the Strip.<\/p>\n

It’s been widely publicized that the A\u2019s are looking at this site. They’ve looked at others. I think they — I think — it\u2019s safe for me to say that they have a very, very strong interest in our site if the transaction can work to their advantage,\u201d<\/strong> said Carlino on the call last week.<\/p><\/blockquote>\n

News broke last December that the A\u2019s are evaluating building<\/a> a stadium at the site of the Tropicana. GLPI owns the real estate of the venue, while the casino-resort is operated by Bally\u2019s (NYSE:BALY).<\/p>\n

Hurdles to Clear<\/h2>\n

While the possibility of the A\u2019s moving to Las Vegas recently sparked a war of words<\/a> between officials of the two cities, it\u2019s far from official, and there are myriad issues to conquer.<\/p>\n

\n

Major League Baseball (MLB) wants Las Vegas taxpayers to chip in $275 million toward an estimated $1 billion stadium construction tab. Following a controversial contribution of $750 million by taxpayers for Allegiant Stadium — home of the NFL\u2019s Raiders — there\u2019s speculation Gov. Steve Sisolak (D-NV) doesn\u2019t want Las Vegas residents saddled with part of the bill<\/a> for a new ballpark.<\/p>\n<\/div>\n

Additionally, there are no guarantees the A\u2019s, should the team confirm a move to Sin City, will proceed with the Tropicana site. There are rumors the team is also considering unused land owned by Wynn Resorts (NASDAQ:WYNN) for a possible ballpark.<\/p>\n

\u201cThere’s a lot of hurdles that have to be covered. We intend to, as long there\u2019s something in it for us,\u201d added Carlino on the call.<\/p>\n

GLPI Fine to Let Trop Stay as Is<\/h2>\n

When Bally\u2019s secured the operating rights to Tropicana from Penn National Gaming (NASDAQ:PENN) in April 2021, it marked the buyer\u2019s entry into Las Vegas. It\u2019s still the operator\u2019s only venue in the largest US casino center. It remains to be seen how the company would proceed in Las Vegas if Tropicana is demolished in favor of a baseball stadium.<\/p>\n

However, it\u2019s clear Bally\u2019s would be compensated for its troubles.<\/p>\n

\u201cThat property is committed to go to Bally’s on terms we previously announced; that’s fine,\u201d said Carlino. \u201cIf that’s all that ever happens, we’d be happy enough. If we can facilitate something bigger, better for them and for us, then you can bet we’re going to do that.\u201d<\/p>\n

He didn\u2019t elaborate on what \u201cbetter\u201d means in financial terms for either his company or Bally\u2019s.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Major League Baseball\u2019s Oakland Athletics haven\u2019t yet confirmed a move to Las Vegas. But one real estate executive might have insight into the club\u2019s Sin City plans. Gaming and Leisure Properties (NASDAQ:GLPI) CEO Peter Carlino said on the company\u2019s recent first-quarter earnings conference call that the A\u2019s remain interested in a potential stadium project near […]<\/p>\n","protected":false},"author":46,"featured_media":211561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,81886],"tags":[],"acf":[],"yoast_head":"\nGLPI CEO Says A's Still Interested In Tropicana For Stadium Site<\/title>\n<meta name=\"description\" content=\"Tropicana Las Vegas still drawing interest from Oakland A's as stadium site, says Carlino.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GLPI CEO Says A's Still Interested In Tropicana For Stadium Site\" \/>\n<meta property=\"og:description\" content=\"Tropicana Las Vegas still drawing interest from Oakland A's as stadium site, says Carlino.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-02T09:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-02T18:54:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/trop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1040\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/\",\"url\":\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/\",\"name\":\"GLPI CEO Says A's Still Interested In Tropicana For Stadium Site\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/trop.jpg\",\"datePublished\":\"2022-05-02T09:00:05+00:00\",\"dateModified\":\"2022-05-02T18:54:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Tropicana Las Vegas still drawing interest from Oakland A's as stadium site, says Carlino.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/glpi-ceo-says-as-still-interested-in-tropicana-for-stadium-site\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/trop.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/trop.jpg\",\"width\":2000,\"height\":1040,\"caption\":\"Tropicana Las Vegas. 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