Friday, June 3, 2011

Penn National Gaming acquires M Resort in Las Vegas | PennLive.com

LAS VEGAS ? A Pennsylvania-based casino operator says it is completing its acquisition of a Las Vegas-area resort.
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Penn National Gaming, Inc. announced Wednesday that its takeover of the M Resort in Henderson follows its purchase in October 2010 of outstanding debt from Bank of Scotland for $230.5 million, and requisite regulatory approvals.
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In a statement, company chief Peter M. Carlino says he expects M Resort operating results will rise as the Las Vegas economy improves.
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The company says M Resort developer Anthony Marnell III will remain as president of the 390-room property. It cost about $1 billion and opened in March 2009 off Interstate 15 about 10 miles south of the Las Vegas Strip.
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Wyomissing, Pa.-based Penn National operates 26 facilities in 17 states and the Canadian province of Ontario.

Source: http://www.pennlive.com/midstate/index.ssf/2011/06/penn_national_gaming_acquires.html

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