Penn National's $230M Buy Of M Resort Approved

Law360, New York (June 1, 2011, 4:22 PM EDT) -- Penn National Gaming Inc. announced Wednesday that the company’s $230.5 million acquisition of M Resort LLC's Las Vegas-based casino and hotel has received final approval from Nevada regulators.

Wyomissing, Pa.-based Penn National first agreed to buy M Resort when it acquired the casino’s outstanding debt from Bank of Scotland PLC in October 2010. With the acquisition, approved by the Nevada Gaming Commission and State Gaming Control Board, M Resort will emerge as a financially sound, debt-free casino resort catering to both Las Vegas locals and tourists,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.