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PENN Entertainment Celebrates the Official Opening of Second Hotel Tower at M Resort Las Vegas
M Resort is the Second of PENN’s Five Growth Projects to be Completed WYOMISSING, Pa. & HENDERSON, Nev.--(BUSINESS WIRE)-- PENN Entertainment, Inc. (Nasdaq:
About this update from Penn Entertainment, Inc.
[{"type":"text","content":"\nM Resort is the Second of PENN’s Five Growth Projects to be Completed\n\n WYOMISSING, Pa. & HENDERSON, Nev.--(BUSINESS WIRE)--\nPENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) is pleased to announce that the second hotel tower at M Resort Spa Casino Las Vegas (“M Resort”) has officially opened. The project was completed on budget and ahead of time.\n\nThe new hotel tower nearly doubles the capacity of M Resort, located south of the Las Vegas Strip, bringing its total to 765 rooms and suites. The development also includes the 15,000 square foot Montese Ballroom, opened in October 2025, enhancing the property’s total indoor and outdoor conference and event space to more than 100,000 square feet. PENN estimates the overall expansion will add 120 new jobs to M Resort’s workforce.\n\nThe M Resort will host a grand opening ceremony this Wednesday, December 3, with special guests, dignitaries, a drone show and musical guest. The event is open to the public at 6:00 PM, PST.\n\n“We’re thrilled to officially open the new tower at our market-leading M Resort property, which significantly expands our capacity to host guests and group business,” said Jay Snowden, CEO and President of PENN Entertainment. “This growth project highlights the strength of our retail operation and our commitment to evolving the guest experience with best-in-class entertainment and hospitality options.”\n\nOn November 3, 2025, PENN received $150 million in funding from Gaming and Leisure Properties, Inc. at a 7.79% capitalization rate in connection with the project.\n\nThe new M Resort hotel tower is the second of PENN’s previously announced growth projects to open, following the completion of the new state-of-the-art Hollywood Casino Joliet in August 2025. Additional projects remain on schedule and on budget, including the opening of the new land-based Hollywood Casino Aurora in Illinois, and a hotel tower at Hollywood Casino Columbus, both of which are expected to open late in the second quarter of 2026, and the relocation of Hollywood Casino Council Bluffs expected in the fourth quarter of 2027 or early 2028.\n\nPhotos of the new hotel tower for media use are available here.\n\nAbout M Resort\nM Resort Spa Casino, the Official Team Headquarters Hotel of the Las Vegas Raiders, is located on more than 90 acres on the southeast corner of St. Ros...