The Las Vegas Strip gets a vast majority of the attention in Las Vegas gaming, but off the Strip there are still opportunities for investors, and they may be a better value than their larger competitors. The secret gaming investment in Las Vegas That's nearly a 12% EBITDA return on investment even before a full year of Tropicana's operations, which is great for the gaming industry. Combined with Tropicana, acquired for $360 million, the two resorts generated most of the west segment's $68.5 million in EBITDA last year. The resort cost $1 billion to complete, but Penn National Gaming (NASDAQ: PENN) bought it for $23 million. M Resort went through a similar decline in value shortly after being built.
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