The move is the latest of many acquisition announcements from Bally’s, which has been rapidly expanding its brick-and-mortar portfolio and online gaming offerings in recent months. is set to buy the Tropicana from Gaming and Leisure Properties Inc., a transaction valued at $308 million. Baskow/Las Vegas Review-Journal) Island-based Bally’s Corp. has agreed to purchase the hotel-casino from Gaming and Leisure Properties Inc., a transaction valued at $308 million, on Tuesday, April 13, 2021. A pedestrian walks outside the MGM Grand, across from the Tropicana in Las Vegas.