Penn National Gaming operates the M Resort in Southern Nevada and two casinos in Jackpot. Caesars recently announced a multimillion-dollar rebranding and renovation project for Bally’s, which will soon become Horseshoe Las Vegas.

Caesars said in November that it intends to sell off one of its eight Strip properties in the early part of 2022, with most analysts looking at Planet Hollywood as the asset most likely change hands. Penn was an unsuccessful bidder to acquire The Cosmopolitan of Las Vegas when MGM Resorts International announced in September that it agreed to buy the resort’s operations for $1.625 billion.Īnd more sales are likely on the horizon.

Last year saw a string of multibillion-dollar acquisitions of Strip resorts, capped by MGM Resorts International announcing that it was selling the operations of The Mirage to Hard Rock International for $1.075 billion. Baskow/Las Vegas Review-Journal) National Gaming isn’t ruling out a potential acquisition of a Strip property in the future, but don’t expect them to jump into any sort of high-priced bidding war.Īsked during a Thursday earnings call about the importance of owning a destination property on the Strip, Penn President and CEO Jay Snowden said that “it would be nice to have one in the portfolio,” but stressed the company would not be a bidder in “an irrational competitive bid process.” The roughly 80,000 square foot facility will feature approximately 750 slot machines and 30 tables games, a Barstool Sportsbook and race book, and exciting food and beverage options.Penn National Gaming operates The M Resort in Las Vegas.

The development of Hollywood Casino Morgantown represents an overall investment of approximately $111 million, including license fees. “As a continuously growing company with more than 40 properties nationwide, team members with a commitment to customer service can benefit from opportunities for career growth at any Penn National location.” “Whether candidates prefer being at the center of it all or working behind the scenes, there will be a role for everyone at Hollywood Casino Morgantown,” added Ms. Positions will also be available in casino operations, food and beverage, security and surveillance, human resources, marketing and more, with competitive pay, benefits and up to $1,500 in sign-on bonuses for new team members. Table Games Dealer School is expected to start in late September and is free of charge for those who accept employment offers from the Company, pending regulatory approval. Full and part-time opportunities will be available, and “same day” employment offers will be made to qualified applicants.

Penn gaming casinos