After buying up the debt that burdened the M Resort Spa Casino in Las Vegas last year, Penn National Gaming Inc. has the keys as well. The Wyomissing, Pa.-based company, which is building casinos in Columbus and Toledo, said Wednesday that it acquired the 90-acre M Resort in exchange for its debt. Penn (NASDAQ:PENN) in October shelled out $230.5 million to purchase all the bank and subordinated debt tied to the resort from Bank of Scotland Plc. The M deal, which secured all necessary regulatory approvals in the past seven months, gave Penn its first foothold in Las...
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