{"id":314476,"date":"2024-03-18T14:25:21","date_gmt":"2024-03-18T19:25:21","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=314476"},"modified":"2024-03-19T12:30:56","modified_gmt":"2024-03-19T17:30:56","slug":"marquee-of-closing-tropicana-to-list-names-of-all-700-employees","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/marquee-of-closing-tropicana-to-list-names-of-all-700-employees\/","title":{"rendered":"Tropicana Marquee Displaying Names of All 700 Employees Before Closing"},"content":{"rendered":"

Until the Tropicana Las Vegas closes on April 2, the 67-year-old Strip resort is honoring its current roster of more than 700 employees, many of whom have worked there for 20 years, for their service.<\/p>\n

\"The
The Tropicana’s digital marquee flashes a portion of the names of all its current employees. (Image: Bally’s Corp.)<\/figcaption><\/figure>\n

Starting today, the digital marquee is displaying all of the workers’ names, 24\/7.<\/p>\n

This heartfelt gesture demonstrates the management\u2019s appreciation for their employees\u2019 dedication and commitment to creating a positive work experience during this transition period,\u201d<\/strong> read a news release from the resort\u2019s current and final owner, Bally\u2019s Corporation.<\/p><\/blockquote>\n

The property is closing in advance of demolition to ultimately build a new hotel-casino and a baseball stadium for the relocating Oakland Athletics. A demolition date hasn’t yet been scheduled, though heavy machinery has already been moved onto the property.<\/p>\n

Opened in 1957, the Tropicana is the site of the Las Vegas Strip\u2019s oldest surviving hotel rooms<\/a>, and one of the only casinos that bore witness to the era of Rat Pack members in the showrooms and mafia members in the boardrooms.<\/p>\n

Tropicana\u2019s employees will each receive a severance of $2,000 for each year of work. For some employees, that could add up to as much as $60K.<\/strong><\/p>\n

Bally\u2019s promises to provide employees not able to consider retirement yet with \u201cas many resources as possible, including opportunities across the company.\u201d<\/p>\n

Field of Dreams?<\/h2>\n

Though plans are proceeding for the new A’s stadium, with fresh renderings released<\/a> earlier this month, some critics point to signs that Providence, Rhode Island-based Bally\u2019s doesn\u2019t have the money to will this dream into reality. They worry that imploding the Tropicana may only result in another plot of Strip land lying dormant for a decade.<\/p>\n

\n

Only last Monday, Bally\u2019s was reported to be reviewing a corporate takeover bid<\/a> after falling $800 million short on another project — a planned Chicago casino<\/a>. That bid was floated by New York-based hedge fund Standard General, which proposed acquiring all outstanding Bally\u2019s shares that it doesn’t already own for $15 per share. Standard General currently controls 23% of outstanding Bally\u2019s equity.<\/p>\n<\/div>\n

Last Tuesday, Bally\u2019s announced the formation of a\u00a0special committee to evaluate<\/strong><\/a><\/strong>\u00a0the new takeover bid, but cautioned investors that wasn\u2019t an indication of acceptance of the offer.<\/p>\n

No timeline was revealed regarding when the committee could announce a decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

Until the Tropicana Las Vegas closes on April 2, the 67-year-old Strip resort is honoring its current roster of more than 700 employees, many of whom have worked there for 20 years, for their service. Starting today, the digital marquee is displaying all of the workers’ names, 24\/7. This heartfelt gesture demonstrates the management\u2019s appreciation […]<\/p>\n","protected":false},"author":78,"featured_media":314495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81886],"tags":[82928,82929,81998,83550,88777,23,90256,82930,84822],"acf":[],"yoast_head":"\nTropicana Marquee Displaying Names of All 700 Employees Before Closing - Casino.org<\/title>\n<meta name=\"description\" content=\"Until the Tropicana Las Vegas closes on April 2, the 67-year-old Strip resort is honoring its current roster of more than 700 employees, many of whom have\" \/>\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\/marquee-of-closing-tropicana-to-list-names-of-all-700-employees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tropicana Marquee Displaying Names of All 700 Employees Before Closing - 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