MGM Resorts Submits Bid for $800 Million Casino in Maryland
June 12th, 2013 by Site Admin
MGM Resorts has submitted to the state of Maryland a proposal to construct a $800 million land casino resort in Prince George’s County. Several copies of MGM Resorts bid documents were displayed in ornate boxes at a news conference held at National Harbor, the place where the company wants to construct its new casino. This is going to be MGM’s sixth casino.
MGM’s toughest competitor is going to be Penn National Gaming Incorporated, which invested $44 million to defeat a referendum for the construction of Maryland’s sixth casino in November 2012. Rosecroft Raceway has also announced that it plans to bid for the casino although it isn’t sure about winning the bid. No other company has submitted bids for the same.
Speaking on the occasion, MGM National Harbor COO Lorenzo Creighton said that the company cannot reveal details about its bid owing to state restrictions, adding that MGM will stick to the commitments it made during its last year’s campaign to expand land casino gambling in Maryland, which could generate thousands of job opportunities for residents.
According to MGM, the proposed casino will have 4000 slot machine games and 200 table games, which will make it the second biggest casino in Maryland.
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