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MGM Files Proposal For Maryland Casino In Competition Versus Penn National Gaming

Proposal Expected To Be Heard By State Later This Summer

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An MGM Resorts International subsidiary on Thursday filed a proposal for a license from the Maryland Video Lottery Facility Location Commission to develop a casino in Prince George’s County. The company is competing with Penn National Gaming, which also plans to make a bid for a Las Vegas-style gambling facility in the state.

The proposed MGM site would be constructed on more than 20 acres of land at National Harbor, which is located on the Potomac River, about 15 miles south of Washington, D.C.

“We have said all along, our company will work tirelessly to earn the privilege to operate this license,” the president of MGM National Harbor said in a statement. “We will earn it based on our company’s experience and expertise. We are confident our proposal demonstrates we are the clear choice to bring a world-class destination resort to National Harbor.”

He added: “Our proposal incorporates feedback we received from the community of which we hope to soon become a part. We will also make good on promises we’ve made to create thousands of new local jobs, provide enormous economic benefits to the region.”

Jim Murren, CEO of MGM Resorts, said in a statement: “We have called upon our company’s years of worldwide resort experience to design a fully-appointed destination resort that specifically respects the atmosphere of Prince George’s County and meets the needs of the Maryland marketplace. An MGM property at National Harbor would be designed and operated at the same level of quality as our other hotels.”

MGM owns Las Vegas properties including Bellagio, MGM Grand, Mandalay Bay, ARIA and The Mirage. Near the Maryland region, the firm has a stake in an Atlantic City casino.

According to MGM, the next step will be for it to be called to make an oral presentation about the proposal to the Commission sometime this summer.

Meanwhile, Penn National wants to build a casino at its Rosecroft Raceway in Fort Washington.

Penn National operates a casino in West Virginia about 70 miles from National Harbor, as well as a casino in northern Maryland about 80 miles from National Harbor. However, its Rosecroft Raceway sits just six miles from the likely new MGM spot. Penn National’s Maryland casino is the only one in the state that currently operates a poker room.

A decision by the state is expected by the end of the year.

 
 
Tags: Maryland,   Casino,   Penn National,   MGM
 
 

Comments

robtr3
over 8 years ago

This will hardly be a competition...under Maryland law a single gaming company can only hold one license; on top of that, after the pouty little stunt Penn National pulled to try to de-rail (and still managed to delay for several months) Maryland Live three years ago, I'm not sure the Maryland Lottery is interested in letting Penn National widen its footprint in the gaming industry around here...

...and I say this despite the reality that Maryland government can't possibly screw up the gaming industry in this state any more than they already have even if they went out of their way to try!

 
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