Onex completes sale of Tropicana Las Vegas for $360 mln
Canadian private equity firm Onex Corp has completed its sale of Tropicana Las Vegas to Penn National Gaming. The previously-announced transaction was valued at about US$360 million. Net proceeds received by Onex totaled US$230 million. In May 2009, the Toronto-based firm partnered with Alex Yemenidjian to acquire a majority interest in Tropicana Las Vegas for about US$319 million. The company operates a hotel and casino resort in Las Vegas, Nevada.
26 August 2015•2 mins read
