pacman720
pacman720
Joined: Sep 29, 2010
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October 8th, 2010 at 10:15:24 AM permalink
http://www.lasvegassun.com/news/2010/oct/08/penn-national-buys-debt-of-m-resort-in-las-vegas/

Looks like they found their way to Nevada Finally...
pacomartin
pacomartin
Joined: Jan 14, 2010
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October 8th, 2010 at 3:02:25 PM permalink
Looks like an intelligent move. With their huge database of gamblers they should easily fill the 390 room hotel. The debt that they purchased was less than the acquisition price of just the land under the M resort.

It is nice to have cash!

Baccarat, Craps, and Roulette and slots are way up on the strip. Table games continue to collapse downtown. It is starting to look like the gaming revenue will consiistently inch upward.
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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October 8th, 2010 at 3:02:52 PM permalink
This is actually seems like a nice fit. The property is positioned to do well... assuming the LV gaming numbers can continue to build on August's numbers.
When I die, I want everyone who ever worked with me on a group project to lower me into my grave so they can let me down one last time.
pacomartin
pacomartin
Joined: Jan 14, 2010
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October 8th, 2010 at 3:19:21 PM permalink
Very positive numbers through most of the county. I think the fringe of the county is permanently damaged

Clark County 13.85%

LV Strip 21.09%
North Las Vegas 13.62%
Boulder Strip 3.33%
Balance of County 0.89%

Laughlin-4.72%
Mesquite -2.76%
Downtown -1.41%
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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October 8th, 2010 at 4:07:57 PM permalink
I am so upset.
A nice brand new well run place falls to such a company as Penn National.
And so cheap!
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
  • Threads: 225
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October 8th, 2010 at 4:13:39 PM permalink
Quote: pacomartin

Very positive numbers through most of the county. I think the fringe of the county is permanently damaged

Clark County 13.85%

LV Strip 21.09%
North Las Vegas 13.62%
Boulder Strip 3.33%
Balance of County 0.89%

Laughlin-4.72%
Mesquite -2.76%
Downtown -1.41%



I wouldn't declare the fringe areas dead yet. The fleas will always need a home, and you should see the low roller joints bounce back quickly since their overhead is lower. Volume is the key.
When I die, I want everyone who ever worked with me on a group project to lower me into my grave so they can let me down one last time.
canuck
canuck
Joined: Jan 9, 2010
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October 8th, 2010 at 11:28:43 PM permalink
I am also sad about the change in ownership. M quickly became my favourite resort in Las Vegas and on my last visit I spent most of my time there - no need to go anywhere else. Will be going there again at the end of this month probably before any noticable changes are made. Plan on visiting again next yr after the new ownership has a chance to make their mark and will decide then if I like the Penn National.
JerryLogan
JerryLogan
Joined: Jun 28, 2010
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October 9th, 2010 at 5:15:30 AM permalink
I play vp at the many nice machines at the M and I don't care who owns it or runs it. What difference does it make? The place will still have those widescreen glare-free machines everywhere, the pay tables will remain average, the cocktail waitresses will still have way-above-average T&A, the restaurants will continue to be nice, and Asians will continue to be all over the joint. What I'm hoping for is they finally might construct that big movie theater they've been promising ever since they opened.
benbakdoff
benbakdoff
Joined: Jul 13, 2010
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October 9th, 2010 at 6:47:59 AM permalink
I don't care who runs it either. I just hope they keep the self serve soft drink machines.

I like experimenting and mixing my own concoctions. Also, I've never lost any money at these machines. Ha Ha.
avianrandy
avianrandy
Joined: Mar 7, 2010
  • Threads: 5
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October 9th, 2010 at 7:17:52 AM permalink
A friend of mine actually lost money at a soda vending machine at Caesars Indiana which is now Horseshoe.He had been playing $5 WOF and a lady sat at the machine to the left of him,put in a $100 and on the 3rd spin hit 2K.Then a lady on the right stuck in a $100 and hit $2500.He had sunk about $1K so he decided to leave.He went to the soda machine,put in his money and the bottle didn't drop.I told him he forgot to pull the handle LOL Not exactly his night.

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