Tutor Perini Subsidiary Secures $220M Eagle Mountain Casino Expansion Contract

Tutor Perini Corporation (NYSE:TPC) is one of the best performing mid cap stocks so far in 2025. On July 2, Tutor Perini Corporation announced that its subsidiary, called Tutor Perini Building Corp., secured a contract valued at ~$220 million. It was awarded by the Tule River Gaming Authority for the Phase 2 Expansion of the Eagle Mountain Casino, located in Porterville, California.

The work for this project includes the construction of a new 193-room tower that will feature a rooftop restaurant. Additionally, the expansion will encompass a central warehouse and new offices, the enlargement of an existing restaurant, and a new 2,000-seat events center. The events center will offer convention space, breakout meeting rooms, and pre-function areas.

Work on the Eagle Mountain Casino Phase 2 Expansion is scheduled to commence in the summer of 2025, with substantial completion anticipated in 2027. The preconstruction phase award was already booked in Q2 2025, and subsequent construction phases are expected to be awarded by the customer later in 2025.

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.