Penn Entertainment on Monday proclaimed a young $206 billion tower that testament double the capacity of its m Resort, set 10 miles south of the Las Vegas Strip. The cast is part of an $850 gazillion expansion of quadruplet Penn properties in Nevada, Illinois, and Ohio.
The unexampled tower testament add together nearly 384 rooms, bringing the M Resort’s total to 774 rooms and suites. As parting of the project, encounter blank space testament live expanded and amenities updated. Additional local partnerships testament live proclaimed at a later date, according to a Penn printing press release.
No timeline was proclaimed for the project.
M Expansion Part of Bigger Plan
Penn Entertainment, a regional gambling casino and racetrack operator based inwards Wyomissing, Penn., took contain of the m inward 2011 after purchasing its $230M debt at a nearly 75% discount. The company also said it plans to relocate its deuce Land of Lincoln riverboat casinos to young land-based facilities and build a unexampled hotel at Hollywood Columbus in Ohio.
Its $850 1000000 inwards expansions are backed past upwards to $575 jillion inward funding from Gaming & Leisure Properties Inc.
“At the m Resort, the addition of a sec tower testament benefit from the strong exact in the Henderson locals market place spell providing additional mental ability for the mathematical group business that is drawn to our market–leading resort hotel and amenities, including our extremely successful partnership with the Las Vegas Raiders,” William Penn CEO Jay Snowden said inwards the release.
Opened inwards Mar 2009, the m Resort Spa Casino is situated on more than 90 acres at the SE corner of Las Vegas Boulevard and St. Rose Parkway inward Henderson, Nev. The resort features more than 92,000 square toes feet of gaming space, including 1,900 slot machines, 64 tabularise games, 14 poker game tables, and a race and sports book.
Other M-Adjacent Things that Could Double inward Size
It may non follow only when the M Resort doubling inwards size of it south of the Strip. Some Las Vegas experts say the Strip itself – which has measured 4.2 miles long since the “Welcome to Fabulous Las Vegas” subscribe went upwards near the older airport entryway inward 1959 – may add another 4.2 to a greater extent miles to its in the south ending over the next decade. That’s less than half the space to the M, but faithful plenty to make the M a lot finisher to the action.
LA-based developers the Oak View Group are edifice a $3 billion, NBA-ready arena and amusement territorial dominion with 20K seats and a 2,000-room casino hotel at Blue Diamond Road. Scheduled to start construction inwards 2023 and undecided inward 2026, it will lodge in 25 acres close the crossroad of I-15 and I-215, adjacent to the Las Vegas terminal for the planned Brightline high-speed rail in 'tween LA and Las Vegas.
In July 2022, strand stone-broke on the $550 trillion Dream Las Vegas Hotel & Casino, placed due south of Henry Russell Road. The 531-room resort hotel is expected to unresolved inwards 2024. That same month, Station Casinos paid $172.4 trillion for 126 acres of shore to build a unexampled casino resort on the southwest corner of Las Vegas Boulevard and Cactus Avenue.