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Tropicana To Get New Restaurants, Possibly Hotel Tower

Posted by Chuckmonster on 21 Aug 2015
Nevada Gaming Commission has approved Penn National Gaming's $360 million dollar purchase of The New Tropicana Las Vegas - A DoubleTree by Hilton from Onex Corportaion and Alex Yemenidjian. Before we get on with the PNG...

Tagged: tropicana   penn national   


Is This The New, New Tropicana?

Posted by Chuckmonster on 23 Jun 2015
We've seen many visions for the future of the Alex Yemenidjian-era Tropicana, the Phase III entertainment deck and the The Strip, but this new one (full size via Paul Steelman & Associates website) is... ... whoa!...

Tagged: tropicana   penn national   paul steelman   anthony marnell   


Penn National Gives Anthony Marnell The Red Stapler

Posted by Chuckmonster on 23 Jun 2015
Earlier this month Penn National Gaming named former Golden Nugget, Foxwoods and Sugarhouse executive Bob Sheldon to head their newly created Las Vegas business unit, which include existing holding M Resort as well as the...

Tagged: penn national   tropicana   m resort   anthony marnell   bob sheldon   dave kingman   


Vegas Gang #121: Wynn v Wynn, Riviera, Tropicana and Resorts World

Posted by Chuckmonster on 12 May 2015
On the latest episode of the Vegas Gang Podcast we go deep on Wynn v Wynn plus pile conjecture on top of Steve's possible Las Vegas dreams. Also on the docket is the Riviera closure, Yemenidjian's...

Tagged: vegas gang   podcast   riviera   wynn   tropicana   penn national   resorts world   sbe   


Penn National Buys The New Tropicana of Las Vegas A DoubleTree By HIlton for $360m

Posted by Chuckmonster on 29 Apr 2015
Penn National, owners of M Resort have entered into an agreement to purchase The New Tropicana Las Vegas A DoubleTree By Hilton from the partnership of Alex Yemenidjian and Onex Partners for $360m. ...

Tagged: sayonara   tropicana   alex yemenidjian   onex   penn national   


Penn National Close To Cosmopolitan Deal?

Posted by Chuckmonster on 10 Jun 2011
The rumor mill is squeaking out word that Penn National Gaming, fresh off the closure of their purchase of M Resort, is working on a deal to purchase The Cosmopolitan of Las Vegas from owners...

Tagged: cosmopolitan   m resort   penn national   john unwin   anthony marnell iii   peter carlino   


Penn National Officially Takes Over M Resort

Posted by Chuckmonster on 5 May 2011
Yesterday, the Nevada Gaming Commission approved Penn National Gaming's takeover of the M Resort which was acquired in a $230M debt swap in October 2010. When speaking at the hearing, Penn honchos stated that they plan...

Tagged: m resort   penn national   


Vegas Gang #52 : M and Penn, MGM Numbers and More

Posted by Chuckmonster on 15 Oct 2010
On the most recent episode of the Vegas Gang Podcast, the gang takes on a whole bunch of thorny subjects including Penn National's recently announced debt takeover of M Resort, the August 2010 gaming figures,...

Tagged: vegas gang   mgm resorts international   m resort   penn national   podcast   


Penn Gets M Resort In $230M Debt Swap

Posted by Chuckmonster on 8 Oct 2010
The rumors are now fact. After playing footsie with nearly every semi-available casino up and down the Strip, Penn National CEO Peter(ino) Carlino finally found a fit for his tire kickin' foot - The M Resort! And...

Tagged: penn national   peter carlino   m resort   


Rumor Mill: M Is Now Penn's

Posted by JohnH on 7 Oct 2010
Quick note for those of you not tuned into Norm Clarke's Twitter feed (read: everyone), it looks like tomorrow might bring an announcement that Penn Gaming has purchased the M Resort. That's right. After...

Tagged: m resort   penn national   the price is right   norm clarke