Regional casino operator Penn National Gaming told investors Thursday it has launched marketing the M Resort to its client database when telling Wall Street the property's results will begin displaying on the company's balance sheet in the second part of the year. Pending the company's fourth-quarter income report, Penn National Chairman and Chief Executive Officer Peter Carlino announced treaty is almost complete and agreement is nearly reached with M Resort's equity holders concerning an acquisition for the 390-room hotel-casino. Penn National Chief Operating Officer Tim Wilmott announced that the organization sent more than 100,000 marketing e-mails and contributory pieces on the M Resort. Wyomissing, Pa.-based Penn National expended $230.5 million in October to get $860 million in debt covering M Resort that contained $160 million in subordinated debt in former times held by MGM Resorts International and $700 million in debt from Bank of Scotland. M Resort was established in March 2009 and was created and managed by Anthony Marnell III and his family. Penn National said profits and cash current from M Resort could start to be reflected on the balance sheet in the third fourth. M Resort is now one of seven projects which Penn National Gaming has on the company's books. Penn National founded a casino in Maryland in September. Besides of this it has stretching under way at a riverboat casino located in Illinois and a racetrack casino in West Virginia, and they are planned to be finished this year. Also it is building new casinos in Toledo, Ohio and Columbus, which are planned to begin their work in 2012. More than that, it is projecting a new casino in Kansas nowadays. They are going to open it also in 2012. Penn National posted higher-than-expected receipts for the fourth quarter that finished Dec. 31, but imparted as well a fourth-quarter clear loss of $153.1 million, or $1.97 per a share. The outcomes embraced pre-tax worsening costs of $193.2 million. One year ago in the same quarter, Penn National informed a clear loss of $355.4 million, or $4.54 a share. In the fourth quarter, Penn National earnings achieved 13.4 percent to $630.2 million. The business has appeared to be recurrence to this company's areas.