Breaking news from the LVRJ:
Penn National Gaming will not submit a bid for next week’s planned bankruptcy court auction of the shuttered Fontainebleau project, a company spokesman said Thursday.
via Penn won’t pursue Fontainebleau – Breaking News – ReviewJournal.com.
What? I don’t believe this. It was supposed to be a sure thing! This is shocking news. Now, if this was a company that had been talking about getting on the Strip for years and had failed to pull the trigger on more than one deal in the buyer’s market of late 2008/early 2009, I could see why people would be skeptical, but…
Oh, right.
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