PENN Expansion

PENN Entertainment Sets December 1 as Grand Opening Date for Second Hotel Tower at M Resort Las Vegas

Published September 03, 2025 at 02:00 PM

(NASDAQ:PENN) WYOMISSING, Pa. & HENDERSON, Nev.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) announced today that it expects to open the second hotel tower at M Resort Spa Casino Las Vegas (“M Resort”) to the public on Monday, December 1, pending customary regulatory approvals. The approximately $206 million project is slated to open months ahead of the original construction timeline. In addition, the Company is partnering with The Emeril Group to bring Meril, one of Ne

Related Questions

How will the accelerated opening of the second hotel tower and the $206 million investment impact PENN Entertainment’s near‑term revenue and earnings per share guidance? How does this expansion compare to recent hotel‑casino projects by competitors such as MGM Resorts, Caesars Entertainment, and Wynn in terms of expected ROI and market share capture? What regulatory, construction or operational risks could still delay the December 1 opening and affect PENN’s cash flow or capital allocation plans?