Big Changes Coming to the Trop
With an initial budget exceeding $100 million, casino, room, pool, and convention renovations are in place. Additionally, two new restaurants, a bar, sports book, poker room, and new tables and slot machines are also in the works.
All this for an initial budget of $100 million? It might sound like a lot, but to put it in perspective, that's what Steve Wynn spent on building XS nightclub at Encore alone. And a Tropicana refurb isn't exactly the same as that of a Mirage or Venetian where a flat panel television, high thread count bed sheets, and a few other touches are enough to renew life to a room already clad in marbles and silks. I'm guessing the Trop's going to require a thorough gutting of it's rooms, upgrades to its heating, ventilation, air conditioning and everything else.
At least Yemenidjian is realistic:
It is clear to us the cost of the transformation of the Tropicana Las Vegas to a property that is fresh and relevant will far exceed $100 million.
Any investment into the Trop is long overdue and welcome at this point. Here's just hoping the goal to make the resort "fresh and relevant" again is still in place when the budget inevitably skyrockets far above the $100 million mark.
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