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Home Forums Penn National Gaming (PENN) Penn Offers $102 Million To Stake Claim In Vegas

Penn Offers $102 Million To Stake Claim In Vegas
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10:50 am
11/18/09


Stan Borcroft

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Penn National Gaming (PENN: 24.80 +0.49%) finalized an agreement with Developer Jeffrey Soffer to stake claim in Las Vegas by purchasing the bankrupt Fontainebleau. While the agreement requires approval from the courts, it was designed to be the “stalking horse” bidder in …


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