Commercial Gaming

Oakland A’s Reportedly Bidding for Las Vegas Stadium at Tropicana

Posted on: December 1, 2021, 12:20h.

Last updated on: December 1, 2021, 12:56h.

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Todd Shriber Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News...
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Las Vegas could be on the brink of pilfering another professional sports franchise from Oakland. A report has surfaced that the Oakland Athletics (A’s) are bidding for a stadium at the site of the Tropicana Las Vegas Hotel and Casino.

Tropicana A's — Land near Tropicana Las Vegas could be used for a baseball stadium. Speculation is swirling the Oakland A’s will be the occupant. (Image: *Wealth Management*)

CNBC’s Contessa Brewer reported Wednesday broke the news earlier today. Rumors are already flying that Major League Baseball (MLB) will approve the move if that’s the direction the franchise decides to take.

In late November, it was revealed the A’s made an offer on an unidentified property in the Las Vegas area. President Dave Kaval confirmed the bid, but declined to say exactly where that land is. He did note that a new stadium in the US gaming hub could cost approximately $1 billion.

The A’s are encountering difficulty with plans for a new waterfront stadium in their home city, where the team has played since 1968. MLB Commissioner Rob Manfred previously told the team that if it cannot solidify its situation in Oakland, it should explore other options.

A’s Could Be What’s Next for Tropicana

The operating rights to the Tropicana changed hands in April, with Bally’s (NYSE:BALY) acquiring those rights from Penn National Gaming (NASDAQ:PENN). The real estate assets are still owned by Gaming and Leisure Properties (NASDAQ:GLPI).

At that time, Bally’s Chairman Soo Kim hinted that there’s more in store for the famed gaming venue — the operator’s first in Las Vegas. For some time, Bally’s has been one of the most acquisitive companies in the gaming industry. The company’s purchases span land-based casinos to online gaming entities to technology companies — all in the name of vertical integration.

While Bally’s won’t have any part in operating the A’s, having a franchise from one of the four major US sports leagues near the Tropicana could be one of the jolts the gaming venue needs.

CNBC also reported that sites owned by Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) are also being evaluated by the A’s. But speculation is already mounting that the Caesars property is out of the running.

Another Blow to Oakland

If the A’s find their way to Sin City, that would be the second professional team to move to Las Vegas from Oakland, with the other being the Las Vegas Raiders.

The A’s stadium lease in Oakland expires in 2024, so a move before then is unlikely. Even if that is the year in which the team moves, it will likely need temporary accommodations before a new stadium is game-ready. Las Vegas Ballpark, home of the Las Vegas Aviators — the A’s Triple-A affiliate — has been mentioned as a possible temporary field for the pro team.

Assuming the A’s make the move and commence playing in Las Vegas in 2025, that means that in the span of seven years, Oakland lost MLB, NBA, and NFL teams. The NBA’s Golden State Warriors moved across the bay to San Francisco prior to the 2019-20 season.

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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Kayce December 12, 2021

Memo to the group...the Las Vegas airport doesn't have to "support" the idea of a stadium in that location. A stadium would not… Memo to the group...the Las Vegas airport doesn't have to "support" the idea of a stadium in that location. A stadium would not interfere with airport operations...

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Hairstyles December 6, 2021

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Jaxon December 6, 2021

I don’t think the Oakland A’s will be building a new stadium at the current Tropicana site, because of its proximity to the airport. When… I don’t think the Oakland A’s will be building a new stadium at the current Tropicana site, because of its proximity to the airport. When the Raiders looked at a site across the street from the airport for their stadium, on land owned by UNLV, a few airlines told them that they don’t support a stadium there; theRaiders looked elsewhere. While the Tropicana site could be great for team exposure, I think that having a baseball stadium right outside the airport’s fences, the airport won’t support it…..however, the Clark County Commissioners have just recently approved a new hotel on a site right outside the fence of McCarran airport. I think the better place for a new baseball stadium would be at Sahara and Las Vegas Blvd, owned by Phil Ruffin; it’s large enough for a stadium, plus, for now, there is a large vacant lot between The Sahara and Fountainbleu, for parking/shopping/restaurants/ high rise residential. The area around the Sahara/Strip is a little rough, but it can turn around with the right investments.

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A’s Could Be What’s Next for Tropicana

Another Blow to Oakland

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