After recent approval from Las Vegas, Bally’s Corporation has received the go-ahead to takeover operations of the Tropicana Las Vegas. The approval allows Bally’s to close a deal with Tropicana worth $308 million, acquire the casino from Gaming and Leisure Properties. Bally’s stated they will release a new marketing strategy for the Tropicana in three to six months, hinting at the potential of a complete redevelopment though they will run the casino the as is for the next 18 to 24 months. Bally’s is the third largest casino operator in the U.S. with 17 casinos in 11 different states.