M Resort put up for auction
Posted by clark | Posted in Las Vegas, Las Vegas Gaming, Las Vegas History, Las Vegas News, Las Vegas News Blog, Pokerstars, R.C. Clark | Posted on 24-08-2010
Less than a year and a half old, and the M Resort is already in flux.
First there’s the bit of bad luck with the casino opening in a bad economy that has still yet to recover despite slow signs early this year. The $1 billion M Resort has $700 million in debt, which is controlled by Lloyds Banking Group.
And last month, Lloyds put their majority stake in the hotel-casino up for sale at an auction.
