Penn Entertainment, Inc., formerly Penn National Gaming, an American company founded in 1972 and based in Wyomissing, Pennsylvania, operator of integrated entertainment, sports content and casino gambling with properties in various states including Hollywood Casino, Ameristar and Boomtown will on December 1 a second hotel tower at M Resort Spa Casino pending regulatory approvals.
The resort is situated at 12300 Las Vegas S Boulevard, in Henderson, Nevada, at the southeast corner of St. Rose Parkway, 17 kilometres from Harry Reid International Airport and 19.3 kilometres from Las Vegas Strip.
Developed on more than 90 acres, the establishment will feature over 92.000 square feet of gaming space, multiple dining options, a spa, a fitness centre, a pool and an event area. a project valued at approximately $206 million.
For the M Resort project, Penn Entertainment plans to access $150 million in funding in the fourth quarter from Gaming and Leisure Properties, Inc., a real estate trust specializing in casino properties, based in Wyomissing, Pennsylvania, at a 7.79% capitalization rate.
The new hotel tower will nearly double the capacity of the M resort property, increasing the total number of rooms and suites to 765.
In addition to the expanded accommodations, the development will introduce the new 15.000 square - foot Montese Ballroom, scheduled to open on October 1, 2025, and the expansion is projected to create 120 new jobs at the resort.
As part of the development, Penn Entertainment is partnering with The Emeril Group to introduce Meril, a restaurant concept from Chef Emeril Lagasse that will offer a menu inspired by Lagasse’s culinary expertise and will be the second location for Meril, originally based in New Orleans, Louisiana.
The M Resort expansion is one of several projects announced by Penn Entertainment that recently opened a new land - based casino in Joliet, Illinois, and has plans for additional developments in Aurora, also located in the state of Illinois and Columbus, Ohio.
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