Home » Lodging Hospitality Today's Top Reads » Penn National Bid Sets Up Fontainebleau Auction

Penn National Bid Sets Up Fontainebleau Auction

Nov 17, 2009 10:55 AM

From Las Vegas Sun:
Penn and other lenders pledge $52 million to keep property operating during process
Penn National Gaming Inc. on Monday made a "stalking horse" bid to buy the stalled Fontainebleau casino-resort in Las Vegas, setting in place an auction process in which other investors will have an opportunity to bid for the property. Click here for the full story.

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