PENN Entertainment Opens New Hotel Tower at M Resort Ahead of Schedule
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2025
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Source: Newsfilter
- Project Completion Ahead of Schedule: The new hotel tower at M Resort was completed on budget and ahead of schedule, nearly doubling the hotel's capacity to 765 rooms, significantly enhancing the resort's ability to host guests and strengthening its competitive position in the Las Vegas market.
- Expanded Conference Space: The new tower includes a 15,000 square foot Montese Ballroom, bringing the total indoor and outdoor event space to over 100,000 square feet, addressing the growing demand for conference facilities and further solidifying M Resort's status as a premier meeting destination.
- Job Creation: The expansion is expected to add 120 new jobs to M Resort's workforce, contributing to local economic development while enhancing the company's image and influence within the community.
- Strategic Investment: This expansion aligns with the $150 million funding PENN secured in November 2025, reflecting the company's confidence in future growth and its ongoing commitment to the Las Vegas market.
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Analyst Views on PENN
Wall Street analysts forecast PENN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PENN is 19.38 USD with a low forecast of 14.15 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
9 Buy
5 Hold
1 Sell
Moderate Buy
Current: 13.150
Low
14.15
Averages
19.38
High
26.00
Current: 13.150
Low
14.15
Averages
19.38
High
26.00
About PENN
PENN Entertainment, Inc. is a provider of integrated entertainment, sports content, and casino gaming experiences. The Company operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings under brands including Hollywood Casino, L’Auberge, ESPN BET, and theScore BET Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment includes Ameristar East Chicago, Hollywood Casino at Greektown, and Hollywood Casino Bangor. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and L’Auberge Baton Rouge. The West segment includes Ameristar Black Hawk, M Resort Spa Casino, and Zia Park Casino. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes online sports betting, online casino/iCasino, and social gaming operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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