WYOMISSING, PA & HENDERSON, NV — PENN Entertainment, Inc. (Nasdaq: PENN) announced it expects to open the second hotel tower at M Resort Spa Casino Las Vegas on December 1, 2025, pending regulatory approvals. The $206 million expansion is slated to debut months ahead of schedule and includes the addition of Meril, a restaurant concept from The Emeril Group.
The new hotel tower nearly doubles M Resort’s capacity, bringing the total to 765 rooms and suites. The expansion also includes the 15,000-square-foot Montese Ballroom, set to open on October 1, 2025, enhancing the property’s offerings for group business and events. PENN estimates the development will create 120 new jobs at the resort.
“We’re thrilled to be unveiling our newest development in Henderson on the heels of our recent grand opening of the new Hollywood Casino Joliet in Illinois,” said Jay Snowden, CEO and president of PENN Entertainment. “This new tower and restaurant from The Emeril Group expands our market-leading amenities at M Resort and provides much needed additional room capacity for group business and the overall strong demand of the Henderson locals market.”
The Emeril Group, founded by celebrity chef Emeril Lagasse, will bring Meril—a concept named after Lagasse’s daughter—to Henderson. Known for its Contemporary American menu and approachable yet elevated dining experience, this will be the second location for the restaurant, which has built a strong following in New Orleans.
“We can’t wait to begin welcoming more visitors to our market-leading resort,” said Todd George, executive vice president of operations at PENN. “Coupled with our extensive, expanded array of amenities and our highly successful partnership with the Las Vegas Raiders, M Resort is becoming the premier destination for visitors and convention attendees from across the country.”
The project is part of PENN’s broader growth strategy, which includes several new developments across the U.S. The second M Resort tower will follow the Hollywood Casino Joliet opening in August 2025 and precede additional projects, including a new land-based casino in Aurora, Illinois, and a hotel expansion in Columbus, Ohio.
For the M Resort development, PENN expects to access $150 million in funding from Gaming and Leisure Properties, Inc. in the fourth quarter at a 7.79% capitalization rate.
The company said the expansion strengthens M Resort’s position as a leading destination south of the Las Vegas Strip while catering to growing demand from both visitors and the local Henderson market.
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