Penn National Gaming’s bid to purchase one of the Strip’s last Rat Pack-era casino resorts has received final regulatory approval.

The Nevada Gaming Commission (NGC) approved the $360m sale of the Tropicana Las Vegas to casino and racetrack operator Penn National Gaming (PNG) on Thursday and the deal is expected to be finalized on Tuesday.

PNG operates 26 facilities in 17 states featuring approximately 32,000 gaming machines, 760 table games and 3,100 hotel rooms. The NGC’s approval gives PNG their first foothold on the Las Vegas Strip.

“The addition of Tropicana Las Vegas to our national portfolio of gaming assets is an exciting and important milestone for Penn National as it fulfills our longstanding strategic objective to acquire the right resort at the right price on the Las Vegas Strip,” said PNG CEO Timothy Wilmott. “Tropicana Las Vegas will allow us to leverage our database of nearly 3 million active regional gaming customers while further diversifying our operations with another wholly-owned asset.”