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Las Vegas' Tropicana resort sold to pay the rent

The troubled sale could be a sign of things to come for the casino industry. With properties shuttered by Covid-19, relationships with the new landlords are getting tested.

Las Vegas

FRANK Sinatra hung out there. The Godfather was filmed there. And the iconic Las Vegas resort even invented the swim-up blackjack table.

But last Friday night, Penn National Gaming announced it is selling the Tropicana for US$307.5 million - about US$52.5 million less...

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