M Resort Spa Casino News - Page 7

Gaming and Leisure Properties Inc. said in a statement the proposed transaction would create the third-largest triple-net REIT by enterprise value.

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

During the Station Casinos’ fourth-quarter earnings conference call a week ago, an analyst asked if the privately held casino company would be publicly traded once again.

On Sunday a lucky M Resort player hit the jackpot playing the quarter WMS progressive Monopoly Luxury Diamonds, receiving a total payout of $860,863.

The Season 3 Championship Event will be held June 26-28 at Las Vegas M Resort Spa Casino. New additions include a Tour Leaderboard, a Seniors Championship and Seniors Tour Leaderboard.

Penn National said its net loss of $250.4 million for the quarter that ended Dec. 31 was primarily due to a $316.5 million non-cash charge.

Orange Capital believes Pinnacle’s share price could increase between 60 percent and 90 percent in value if the Las Vegas-based company were to create a REIT.

This, despite sluggish gaming revenue results from many Southern and Midwestern states in recent months.

The state’s highest court said Tuesday voters can ultimately decide if Massachusetts can have gaming.

The transaction, announced Wednesday, is subject to regulatory approval and expected to close by the end of the year.

The Gaming Control Board told its license holders Tuesday that they cannot participate in Nevada’s potential medical marijuana business.

World poker champion Chris Moneymaker is ambassador of the HPO and will be competing alongside players in the Championship Main Event.

Penn National Gaming, which owns M Resort, is again looking at the Strip for possible expansion opportunities.

Elegant Parlour Suite at Wynn Las Vegas takes the top spot.

Here’s a look at the Top 10 casinos for locals, based on the Best of Las Vegas rankings as of Tuesday.

M Resort named Four-Star Hotel for fifth consecutive year and Spa Mio named Four-Star Spa for fourth consecutive year.

Instead of watching a decadelong, billion-dollar investment go down the drain, CG Technology CEO Lee Amaitis and Cantor Fitzgerald Chairman Howard Lutnick accepted the stipulated agreement to the 18-count complaint, which included the $5.5 million fine.

The 18-count complaint alleges Lee Amaitis, president and CEO of Cantor Gaming, and the company failed to supervise Michael Colbert sufficiently to prevent his illegal sports gambling activities.

The casino operator, which owns M Resort, said its net income for the third quarter that ended Sept. 30 was $41.3 million or 40 cents per share.

Penn National shareholders will receive one share of common stock in the real estate investment trust equal to each share of common stock held in the casino operator as of Oct. 16, the record date for the spinoff.