Will pay $50 million for property: Penn National Gaming has agreed to buy Fontainebleau, an unfinished casino-resort on the Las Vegas Strip, according to the Wall Street Journal. Penn National, the parent company of Hollywood Casino Baton Rouge, will pay $50 million and provide a credit facility of $51.5 million. The deal requires the approval of a bankruptcy court and other offers will be considered.
Part of the Community: The first CC’s Community Coffee House in Ascension Parish is now open on Airline Highway in Prairieville. This brings the number of CC’s locations to 30.
