M&A Deal Summary

PENN Entertainment Acquires The M Resort

On June 1, 2011, PENN Entertainment acquired leisure company The M Resort for 231M USD

Acquisition Highlights
  • This is PENN Entertainment’s 6th transaction in the Leisure sector.
  • This is PENN Entertainment’s 7th largest (disclosed) transaction.
  • This is PENN Entertainment’s 12th transaction in the United States.
  • This is PENN Entertainment’s 1st transaction in Nevada.

M&A Deal Summary
Date 2011-06-01
Target The M Resort
Sector Leisure
Buyer(s) PENN Entertainment
Deal Type Add-on Acquisition
Deal Value 231M USD

Target

The M Resort

Henderson, Nevada, United States
The M Resort LLC is a provider of hotels, resorts and casinos.

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Buyer(S) 1

Buyer

PENN Entertainment

Wyomissing, Pennsylvania, United States
Category Company
Founded 1972
Sector Gaming
Employees23,333
Revenue 6.4B USD (2023)
DESCRIPTION

PENN Entertainment owns, operates and has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. PENN Entertainment was founded in 1972 and is based in Wyomissing, Pennsylvania.

DEAL STATS #
Overall 12 of 19
Sector (Leisure) 6 of 8
Type (Add-on Acquisition) 10 of 16
State (Nevada) 1 of 3
Country (United States) 12 of 18
Year (2011) 3 of 3
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-08 Sam Houston Race Park

Houston, Texas, United States

Sam Houston Race Park is Houston's racing, dining and entertainment provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Tropicana Las Vegas

Las Vegas, Nevada, United States

Tropicana Las Vegas is an operator of Hotel and Casino that boasts stylish rooms, suites, and luxury villas, complete with acclaimed restaurants, premier entertainment options, and a 50,000-square-foot casino. The resort redefines the expectations of today's global travelers by providing a casually elegant experience on The Strip, all with a South Beach rhythm and vibe. The property also features Glow® a Mandara Spa and fitness center, Laugh Factory Comedy Club, Trago Lounge, and restaurants such as Robert Irvine’s Public House, Bacio Breakfast, Oakville Steakhouse, Barista Café, Fresh Mix, South Beach Food Court, and Savor Brunch Buffet. Tropicana Las Vegas is based in Las Vegas, Nevada.

Buy $360M
Mergr

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