MGM Resorts gets license for Prince George's County casino
BALTIMORE (AP/WJLA) - MGM Resorts International has won a license for a new casino near the nation's capital in Maryland.
A state commission voted 5-2 in favor of MGM's bid Friday in Baltimore.
MGM proposed building a $925 million resort near the Potomac River at National Harbor with a 300-suite hotel, casino and seven restaurants. The casino plan includes 3,600 slot machines and 140 table games like blackjack and roulette.
"I want to build the most beautiful and iconic, successful resort," says MGM CEO Jim Murren. "I think outside of Las Vegas this will be the most profitable commercial resort in the United States."
The plan is to break ground next year in order to be open by July 2016.
Prince George's Racing Ventures LLC, a subsidiary of Penn National, and Maryland Casino LLC, a subsidiary of Greenwood Racing, also proposed building a casino in Prince George's County, not far from Washington.
Maryland voters approved a casino in the county last year after lawmakers agreed to expand gambling in a special session.