Business
The Tropicana, one of Las Vegas' oldest casinos, will cash out its chips in April
The house does not always win.
Starting April 2, the Tropicana Las Vegas will shut its doors to make way for a new baseball stadium and resort, nearly 67 years after the casino opened its doors.
The 44,000-square-foot casino and 1,400-room hotel will be demolished and replaced with a 30,000-seat ballpark, the future home of the Athletics, announced Bally’s, the Rhode Island owner of the Tropicana since 2022.
The Athletics agreed to relocate to Las Vegas from Oakland in November. The team’s move follows the 2020 relocation of the NFL’s Raiders from Oakland to Las Vegas and the NBA’s Golden State Warriors from Oakland to San Francisco in 2019.
The new ballpark is projected to bring more than 2.5 million fans and visitors annually to the Las Vegas Strip, Bally’s said in a news release.
The Tropicana will close out all hotel bookings and relocate customers with reservations booked beyond the closure date. More information about bookings, reward club cards and gambling transactions can be found online at troplv.com.
The Tropicana Las Vegas opened April 4, 1957, and was billed as the “Tiffany of the Strip” in promotional advertising. The then-300-room hotel also boasted that it was the most expensive property in Las Vegas, with a $15-million price tag, the Nevada State Journal reported at the time.
The casino played host to Elvis Presley in the 1964 movie “Viva Las Vegas”; the 1971 James Bond film “Diamonds Are Forever”; and the 1972 film “The Godfather,” in which it was renamed the Tropigala.
After its humble beginnings, ties to organized crime and numerous changes in ownership, the Tropicana completed a $157-million renovation to embrace a South Beach motif in 2011, replete with white marble floors throughout the casino.
But all of that will soon be history. The hotel-casino takes up 35 acres on the south end of the Las Vegas Strip and, once demolished, will clear a path for the proposed $1.5-billion ballpark that will take up 9 acres of land. A proposed resort will be integrated into the master plan, according to Bally’s.
Company President George Papanier said in a statement that Bally’s is “honored to be a key partner with the Athletics on bringing a Major League ballpark to the great city of Las Vegas.” The land is currently leased to the Tropicana by Gaming & Leisure Properties.
In November, Major League Baseball owners approved the move by the A’s to Las Vegas, and Nevada offered the team $380 million in public funding to help pay for the project.
The stadium is expected to open by 2028, but the Athletics’ current lease with the Oakland Coliseum terminates at the end of the 2024 season, potentially leaving the team, temporarily, without a home.
Business
AMC’s Adam Aron backs David Ellison’s takeover of Warner Bros. Discovery
As Hollywood has fractured over the proposed merger between Paramount Skydance and Warner Bros. Discovery, AMC Entertainment Holdings Chief Executive Adam Aron is throwing his support behind David Ellison.
The movie theater chief said he trusts that Ellison, Paramount’s CEO, will hold to his promise that the combined company will release 30 films a year — 15 each from Paramount and Warner Bros.
Many industry executives and other theater operators have questioned whether that goal is realistic, particularly given the cost cuts that are expected to commence after the deal closes. Exhibitors in particular fear that a decline in film releases will erase some of the progress made at the box office since the pandemic.
“Adam Aron and AMC are big fans of David Ellison,” Aron said during an interview Wednesday afternoon in Las Vegas, where he was attending the CinemaCon trade convention. “We respect his talent as a filmmaker and a movie executive, and we believe in the promises that he has made to increase the number of movies being made by Paramount and Warner Bros.”
Aron added that he trusts Ellison will respect calls to keep films in theaters for 45 days before they’re available for premium purchase at home and much later, on streaming services.
That strategy, known as windowing, became a more contentious issue after the pandemic when some studios began to reduce the amount of time films were in cinemas before audiences could view them at home.
“We’re enthusiastic that David will fulfill his promises,” Aron said. “And that in the end, this will prove to be a good thing for our company and our industry.”
He added that he hopes current Warner Bros. film chiefs Mike De Luca and Pam Abdy “continue to have the opportunity to do great work” at that studio. The pair led Warner Bros. to 30 Oscar nominations — more than any other studio this year — and 11 Academy Awards, including Best Picture.
After a difficult last few years, Aron said he feels like the theatrical business has “finally turned a corner.”
So far this year, domestic box office revenue is up more than 20% compared with the same time period last year, bolstering hopes across the industry that 2026 will mark a rebound from the downturn of the pandemic.
Last year, AMC saw a 2.1% decrease in attendance compared to 2024. But this year’s strong lineup of films has given Aron confidence that the company‘s revenue and earnings will rise this year.
The company is also working to pay down the debt it took on during the pandemic. The company had as much as $6 billion in debt in 2020 and is now down to $4 billion, Aron said.
“The big news of 2026 for us, in light of the rising box office, in light of rising EBITDA [earnings before interest, taxes, depreciation and amortization], and in paying down debt and extending maturities, I think we will have dramatically strengthened our balance sheet,” he said.
Aron also confirmed reports that Netflix Co-Chief Executive Ted Sarandos met with a group of movie theater chiefs in Las Vegas, a discussion he described as “introductory in nature” rather than about dealmaking since it was in a large group forum.
Netflix and AMC previously had a complicated relationship over the streaming service’s long-standing resistance to traditional theatrical releases.
But the two companies have recently partnered on several projects, including a Halloween weekend showing of the animated hit “KPop Demon Hunters,” New Year’s Eve screenings of the “Stranger Things” series finale and the first two episodes of the Netflix show “One Piece.”
Aron said AMC thoroughly embraced all three projects, and that both companies were pleased with the results.
“Both AMC and Netflix have individually said publicly that we hope this is the beginning of collaboration, and that we each expected more good joint projects to come in the future,” he said. “What those will be, I don’t even know yet, but I’m optimistic that we’ll be doing more things together with Netflix in the months and years ahead.”
Business
David Ellison hits CinemaCon, vowing to make more movies with Paramount-Warner Bros.
Paramount Skydance Chief Executive David Ellison made his case directly to theater owners Thursday, pledging to release a minimum of 30 films a year from the combined Paramount and Warner Bros. Discovery company during a speech at the CinemaCon trade convention in Las Vegas.
“I wanted to look every single one of you in the eye and give you my word,” Ellison said in a brief on-stage speech, adding that Paramount has already nearly doubled its film lineup for this year with 15 planned releases, up from eight in 2025.
He also said all films will remain in theaters exclusively for 45 days, starting Thursday. Films will then go to streaming platforms in 90 days. The amount of time that films stay in theaters — known as windowing — has been a controversial topic for theater owners, as some studios reduced that period during the pandemic. Theater operators have said the shortened window has trained audiences to wait to watch films at home and cuts into theater revenues.
“I have dedicated the last 20 years of my life to elevating and preserving film,” said Ellison, clad in a dark jacket and shirt with blue jeans. “And at Paramount, we want to tell even more great stories on the big screen — stories that make people think, laugh, dream, wonder and feel — and we want to share them with as broad an audience as possible.”
Ellison’s CinemaCon appearance comes as more than 1,000 Hollywood actors and creatives have signed a letter opposing Paramount’s proposed acquisition of Warner Bros. Supporters of the letter have said the deal would reduce competition in the industry and “further consolidate an already concentrated media landscape.”
Some theater operators have also questioned whether the combined company could achieve its goal of releasing 30 films a year, particularly after the cost cuts that are expected after the merger closes.
“People can speculate all they want — but I am standing here today telling you personally that you can count on our complete commitment,” Ellison said. “And we’ll show you we mean it.”
The speech came after a star-studded video directed by “Wicked: For Good” director Jon M. Chu that was shot on the Paramount lot on Melrose Avenue and showcased directors and actors including Issa Rae, Will Smith, Chris Pratt, James Cameron and Timothée Chalamet that are working with the company.
The video closed with “Top Gun” actor Tom Cruise perched atop the Paramount water tower.
“As you saw, the Paramount lot is alive again,” Ellison said after the video. “And we could not be more excited.”
Business
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