Onex Corporation

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  • Penn Buys Tropicana, Makes Debut on Strip

    One of the Las Vegas Strip’s most representative properties was recently acquired by Penn National Gaming. The company has agreed to purchase the Tropicana Las Vegas, and is now set to pay a total of $360 million to shareholders, with the largest stake belonging to a partnership between Onex Corp. and investor Alex Yemenidijan. The property was acquired out of bankruptcy by Onex Corp. back in 2009, and has since invested in renovating the property.

    Las Vegas 07 May 2015 18:20