![]() ![]() ![]() We’re not looking at anything right now.” “We have in the past and if there’s a really unique opportunity and a really unique asset and location, we’d consider it. “We’re not kicking the tires right now on anything,” Snowden said. “With the growing population in that part of the Las Vegas Valley, we expect to see those results only get stronger in the coming years.”īut toward the end of the call, in response to an investor’s question, Snowden said he’s still not interested in adding a new Strip asset to Penn’s portfolio. “In Las Vegas, (Vice President and General Manager) Hussain Mahrous and our creative team at the M Resort are now generating more cash flow per quarter than what the property did annually just a few years ago,” Penn National President and CEO Jay Snowden said in an earnings call with investors Thursday. Penn National Gaming Inc., which also operates the Tropicana and is selling operations there to Bally’s Corp., had record first-quarter results and is rapidly expanding its regional gaming empire through the growth of sports wagering. The operator of Henderson’s M Resort is happy with the first-quarter performance of the property but isn’t convinced the company should pursue a new Strip asset. ![]() (Bizuayehu Tesfaye/Las Vegas Review-Journal) ![]()
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