Penn Entertainment operates · GLPI owns dirt
M Resort opened March 2009 — Anthony Marnell III's project. [[operator:penn-entertainment|Penn Entertainment]] bought the debt in 2010, took full ownership in 2011, then transferred the real estate to [[operator:glpi|GLPI]] in 2013 as part of Penn's REIT spinoff. A second tower opened late 2025, bringing room count to 765. Marnell himself is now developing a competing property — "Spite Casino" — across the street.
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