Penn National Gaming inc. has offered $50,000,000 for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas strip.
Penn said that it agreed to buy the project from debtors, and that its offer will serve as the opening bid at a bankruptcy auction.
The resort was initially forecast to cost $3,000,000,000 to build and was about 70 percent complete when developers filed for chapter 11 bankruptcy protection in June.
Penn National Goes After Vegas Resort
by WABI-TV5 News Desk · Nov 18th 2009 · See more Local News
Recent Stories
Comments
Add your Comments
Facebook Connect allows you to comment on this story through your facebook account.
Add your comments to the discussion. By submitting a comment, you agree to the terms of the terms of use and are 18 years of age or older.
Fields marked with a * are required.
Want a personal picture next to your comment? Sign up for a free Gravatar or post with your facebook account.