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Tropicana Evansville is a casino hotel and entertainment complex in downtown Evansville, Indiana, owned by Gaming and Leisure Properties and operated by Caesars Entertainment. Originally named Casino Aztar, it was opened by Aztar Corporation in 1995 as the state's first casino. In addition, as of 2017, it also became the state's first land based casino as well.

Hotels near Tropicana Evansville Casino, Evansville on Tripadvisor: Find 7,503 traveler reviews, 2,117 candid photos, and prices for 108 hotels near Tropicana Evansville Casino in Evansville, IN. On Tuesday, TRWH announced a deal to acquire the Tropicana Evansville casino operations in Indiana from Caesars for $140m. However, the deal requires no cash outlay on TRWH’s behalf. About Tropicana Evansville Tropicana Evansville is a multi-million dollar entertainment complex located on the scenic banks of the Ohio River in southwestern Indiana. The single-level 24-hour casino. EVANSVILLE, Ind. —Tropicana is being sold for $480 million to Gaming and Leisure Properties and Twin River Worldwide Holdings. On Tuesday, Caesars Entertainment, Inc., announced an agreement to. At the time, Eldorado Resorts was the owner of Tropicana Evansville. And Caesar's had four Indiana locations: Hoosier Park in Anderson, Horseshoe Casino in Hammond, Indiana Grand in Shelbyville.

The main entertainment facility consists of a 45,000-square-foot (4,200 m²) casino,^[1] a 250-room hotel, a 1,660 vehicle parking garage, and pavilion housing pre-boarding facilities, retail shops, restaurants, and lounge area. A new entertainment district with a 100-room boutique hotel and additional restaurants opened in late 2006.

In 2005, the casino generated $137 million in revenue and $41 million in profits.^[2] In 2017, the casino moved from its original riverboat into a land-based facility.^[3]

Riverboat[edit]

The actual casino boat, called 'City of Evansville', was the state of Indiana's first gaming riverboat under legislation passed in 1993. It opened to the public in 1995. Built by Jeffboat in Jeffersonville, Indiana, the boat is a replica of the historic Robert E. Lee racing sidewheel steamboat crafted nearly 130 years ago. Jeffboat deployed 200 workers and spent over twelve months constructing the vessel. The exterior was designed by RA Stern, Inc. to appear as if the boat is straight from the Civil War era; the interior, designed by Morris & Brown Architects, Ltd., is purely Las Vegas glamor.

The boat is 310 ft (94 m) long by 70 ft (21 m) wide, has a depth of 14 ft (4.3 m) by 6 in (150 mm) and stands 80 ft (24 m) above water level (including stacks). It weighs 1,589 tons and has a maximum draft of 7 ft 6 in (2.29 m) There was a total of 47,863 sq ft (4,446.6 m²) of public space.

Hotels[edit]

Tropicana Hotel[edit]

The Tropicana Hotel opened its doors on December 17, 1996, originally as the Casino Aztar Hotel. Overlooking the casino and the Ohio River, the hotel has 250 guest room and suites; meeting, conference and banquet facilities; and a fitness room. The hotel also offers 10 suites, ranging from two and three room suites. Each suite features a whirlpool bath, sofa sleeper, wet bar, and mini-bar.

Le Merigot[edit]

Le Merigot, which opened its doors on December 28, 2006, was designed by Los Angeles-based interior designer Laurence Lee. This 100-room boutique hotel features Italian bed linens, LCD flat screen televisions in both bedroom and bath, in-room high speed Internet access, MP3 input, and glass-enclosed showers with multi-unit body sprays and overhead rain maker showerheads. The suites at Le Merigot offer guests a living and dining room area, master bedroom, and oversized bath complete with a soaking tub.

Riverfront Pavilion[edit]

The property's Riverfront Pavilion is designed to reflect the turn-of-the-century charm of downtown Evansville. The interior feature building facades inspired by buildings that in the early 1900s graced Evansville's downtown riverfront. These facades were constructed from materials indigenous to this area. The street scapes offer a multitude of textures and colors with a 'park-like' central theme. This complex houses a variety of dining and entertainment options. An enclosed walkway links the pavilion to a 250-room hotel, complete with meeting and banquet facilities. A seven-story parking garage offers over 1,600 sheltered parking spaces with easy access to the casino, hotel, and pavilion.

The District[edit]

The Downtown Waterfront Entertainment District is a $40 million expansion, opened in 2006. The district includes a 100-room boutique hotel and a multi-venu entertainment facility centered on a riverfront park.^[4] Jillian’s Billiards Club and Ri Ra Irish Pub opened to the public on September 15, 2006. The Le Merigot Hotel and Blush Ultralounge and Tapas Bar opened on December 28, 2006.^[5] The complex is located across from the existing hotel.

Following an unsuccessful run of business by Jillian's, it has since gone out of business and was replaced by Stoney's Rockin' Country Bar in 2011. Stoney's Rockin' Country Bar went out of business in December 2012. Boogie Nights, a dance club with a 1970s and 1980s theme entered the space in 2013 along with The Sports Book Bar & Grill. The Sports Book Bar & Grill closed in December 2014 as a result of management issues. Chido Mexican Bar & Grill will open in that space in August 2015, between Boogie Nights and Ri Ra Irish Pub & Restaurant.

References[edit]

1. ^'Tropicana's new land-based casino officially open in Evansville'. WEHT-TV. October 19, 2017. Archived from the original on 2017-10-20. Retrieved 2017-10-20.
2. ^'Gauging Aztar's Value'. The Motley Fool. Retrieved 2007-01-05.
3. ^'$50 million on-shore Evansville casino opens to gamblers'. U.S. News & World Report. AP. October 20, 2017. Retrieved 2017-10-20.
4. ^'Downtown Waterfront Entertainment District'. Veazey Parrott Durkin & Shoulders. Retrieved 2006-12-21.
5. ^'Aztar to open hotel 'by the water''. Evansville Courier & Press. Archived from the original on 2007-10-17. Retrieved 2006-12-21.

External links[edit]

EVANSVILLE, Ind. —Tropicana is being sold for $480 million to Gaming and Leisure Properties and Twin River Worldwide Holdings.

On Tuesday, Caesars Entertainment, Inc., announced an agreement to sell Tropicana to Gaming and Leisure Properties and Twin River Worldwide Holdings.

'I want to thank all of our Evansville Team Members for their hard work and dedication, especially during the COVID-19 pandemic, and we wish them the best under Twin River's ownership,' said Tom Reeg, CEO of Caesars Entertainment, Inc.

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Earlier this year, it became clear Tropicana would more than likely be sold following Eldorado Resorts' acquisition of casino giant Caesar's Entertainment.

The combined company now operates under Caesars Entertainment Inc.

In July, the Indiana Gaming Commission approved the $17.3 billion merger with conditions.

At the time, Eldorado Resorts was the owner of Tropicana Evansville. And Caesar's had four Indiana locations: Hoosier Park in Anderson, Horseshoe Casino in Hammond, Indiana Grand in Shelbyville and Caesar's Southern Indiana in Elizabeth.

To address concerns about the company's market concentration, Eldorado officials agreed they would divest three Indiana properties and would have definite agreements for those divestitures on or before Dec. 31.

By the commission's projections, the merger as originally proposed would result in Caesars Entertainment Inc. controlling between 50% to 60% of gaming revenues in Indiana. By divesting at least two of those properties it would fall to at or below 40%.

The sale of Tropicana is expected to close in mid-2021 and is subject to regulatory approvals and other customary closing conditions.

Gaming and Leisure Properties and Twin River Worldwide Holdings will have full ownership of Tropicana Evansville and the ability to sell it in whole.

Twin River Worldwide Holdings, based in Lincoln, Rhode Island, owns and manages a total of nine casinos located in Rhode Island, Mississippi, Delaware and Missouri, as well as a horse race track in Colorado.

Tropicana Casino Evansville Restaurants

Per this deal, Twin River will be acquiring the operating assets of Tropicana for $140 million.

Gaming and Leisure Properties, based in Wyomissing, Pennsylvania, is in the business of acquiring, financing and owning real estate property to be leased to gaming operators. Per this deal, it will acquire the casino real estate for $340 million and lease it back to Twin River for $28 million a year in rent, subject to escalation.

Twin River will also acquire unencumbered rights to the sports betting and iGaming skins associated with the Evansville operations to access the growing Indiana market as part of the transaction.

Tropicana Casino Evansville Phone Number

'This transaction is consistent with our core strategy of acquiring strategic gaming assets at attractive valuations and, importantly, represents the Company's entry into a 10th state. It also provides us with access to an attractive Indiana gaming market, in which we will look to significantly advance our mobile and online sports betting and iGaming initiatives,' said George Papanier, President and Chief Executive Officer in a news release.

'We believe this property is a great fit for our portfolio. We are acquiring the operations at a value accretive multiple, while also enhancing our interactive offerings.'

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This article originally appeared on Evansville Courier & Press: Tropicana Evansville being sold by Caesars Entertainment