M Resort Spa Casino News - Page 9

Penn National Gaming has been given preliminary approval by the Nevada Gaming Control Board to take over the M Resort.

Despite the fact that regional markets like riverboat casinos in the South and Midwest are recovering, the Las Vegas market is still struggling.

Assembly Bill 294 would allow Nevada resorts to expand the reach of mobile gambling devices to go beyond public areas in casinos and into hotel rooms on the premises.

Financial fixed-odds wagering, which was developed seven years ago by Las Vegas-based company Cantor Gaming and Wagering, is illegal in Nevada.

Penn National Gaming began preliminary site work in January on a potential location in New Orleans for a $145 million casino.

Penn National Gaming told investors it has begun marketing the newly-acquired M Resort to its customer database.

Cantor Gaming's eDeck platform allows customers to play casino games within areas of a casino's property. The company also introduced in-game wagering at the M Resort in March 2009.

Despite acquiring the M Resort, Penn National Gaming executives said the company isn't done shopping for a casino on the Las Vegas Strip.

The recession and falling revenues have have devalued casinos. Penn National picked up M Resort's debt for 23 cents on the dollar and will wait out a Las Vegas recovery. Across the country Resorts Atlantic City was sold to gaming veteran Dennis Gomes for $35 million, the lowest price ever paid for a New Jersey casino.

Lloyds Banking Group take big hit on M Resort Spa Casino loan.

Regional casino operator Penn National Gaming has acquired the 19-month-old M Resort for $230.5 million

The M Resort might be up for sale after the bank controlling $700 million of the hotel-casino's debt put its stake up for a private auction sale.

M Resort executive Joseph Magliarditi has been selected as president and CEO of the Hard Rock Hotel in Las Vegas.

Casino City's Gary Trask made a visit to the new M Resort in Las Vegas last week and came back with 10 reasons why you should do the same the next time you make a trek to Sin City.

PokerStars will be holding a Celebrity Charity Poker Tournament to open the North American Poker Tour (NAPT) event series at The Venetian.

French legend David Benyamine defeated Luke Schwartz heads-up to win the title and take home $476,000.

The league stages at the Party Poker Premier League IV at the M Resort in Las Vegas is over with four players going directly to the final table.

The Party Poker Premier Leave IV Main Event kicks off on Saturday at the M Resort in Las Vegas.

Giovanni Safina of Sicily won a place in the $100,000 Party Poker Premier League IV at the M Resort in Las Vegas through a €100 satellite.

The Party Poker Premier League IV will kick off at the M Resort Spa Casino in Las Vegas on February 12.