Penn Entertainment Inc. has officially opened a second hotel tower at M Resort Spa Casino Las Vegas, nearly doubling the property's capacity to 765 rooms and suites. The expansion also features the new 15,000-square-foot Montese Ballroom, increasing M Resort's total conference and event space to over 100,000 square feet. The project, completed ahead of schedule and on budget, is expected to create 120 new jobs. Penn received $150 million in funding from Gaming and Leisure Properties, Inc. at a 7.79% capitalization rate to support the development. The M Resort expansion is the second of five planned growth projects by Penn, with more openings scheduled for 2026 and beyond.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penn Entertainment Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251201591995) on December 01, 2025, and is solely responsible for the information contained therein.