Nonrestricted gaming license approved for M Resort
The Nevada Gaming Commission on Thursday approved a nonrestricted gaming license for the $1.07 billion M Resort, which is scheduled to open March 1.
The 390-room hotel-casino sits on 80 acres on the corner or Las Vegas Boulevard and St. Rose Parkway in Henderson.
M Resort Chairman and Chief Executive Officer Anthony Marnell III told regulators that opening in the current economy is not "optimal timing," but he is certain the property will succeed because of its unique business plan.
"There is no doubt that this won't be a cake walk," Marnell said.
One of M Resort's unique features is a wholly-owned gasoline station where customers can redeem player reward points for gasoline. Another is its on-property, full-service pharmacy, which will allow both customers and employees to fill prescriptions.
Marnell also defended his decision to own and operate all nine restaurants at the property, a break from the current model where some restaurants are owned by the casino company with others being leased or owned by third parties that pay rent for the space.
The M Resort is funded by equity contributions from the Marnell family and MGM Mirage.
Contact reporter Arnold M. Knightly at aknightly@reviewjournal.com or 702-477-3893.
