In 2019, the resort became the “Official Raiders Team Headquarters Hotel,” and in April 2021, the resort opened the Raiders Tavern & Grill, the world’s only official Raiders-themed restaurant. The M has capitalized on its close proximity to the Raiders’ corporate headquarters and training facility about three miles away. The new hotel tower at the M Resort is expected to take advantage of the growth in west Henderson, and will include a 15,000-square-foot ballroom that would provide additional capacity for group business. A new $100 million Hollywood Casino in Columbus, Ohio with a 200-room hotel and a new bar and restaurant. The new facility will have 780 slot machines and 30 table games. The $185 million relocation of Hollywood Casino Joliet from an old riverboat barge on the Des Plaines River near Joliet, Illinois, to a new mixed-use development, Rock Run Crossing, that is less than four miles away. The new site will also be next to the Chicago Premium Outlets, which draws 8 million visitors annually. The $360 million relocation of the Hollywood Casino Aurora from an old riverboat barge on the Fox River in downtown Aurora, Illinois, to a new 200-room hotel that will include 900 slot machines and 50 table games. In addition to the M Resort, the other projects include: Penn will start the four capital projects simultaneously. The remaining $225 million through GLPI is at a 7.75 percent capital rate. Penn has negotiated a $350 million variable cap rate with GLPI that can be drawn at Penn’s discretion at then-current rates, giving the company additional balance sheet flexibility. Penn is putting $225 million toward the projects with Gaming and Leisure Properties Inc., the Penn-affiliated real estate investment trust that owns the land beneath the four resorts, contributing $775 million in financing.

Snowden said all four projects would begin by the end of next year with most of the spending occurring in 20. Penn CEO Jay Snowden added a few details about the projects, including the construction start-up plan, in a Thursday third-quarter earnings call with investors. The $206 million project is part of a four-property $850 million expansion in Illinois, Ohio and Nevada.

The 384-room expansion will nearly double the capacity at the property to 774 rooms and suites. The new hotel tower at Henderson’s M Resort will break ground by the end of 2023, and it’s expected to be completed in 2025, executives with Penn Entertainment Inc. GameSense is a registered trademark of British Columbia Lottery Corporation, used under license by MGM Resorts International.A rendering shows the location of the 384-room, $206 million, second M Resort hotel tower, scheduled for the start construction by the end of 2023.

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