Groundbreaking set for summer
MGM Resorts has presented site plans for its casino resort in Prince George’s County, Maryland to officials there. The massive casino development at National Harbor will overlook the Potomac River and downtown Washington, D.C.
In December, MGM won the right to develop Maryland’s sixth and final casino. The site plan calls for a 958,836-square-foot entertainment establishment with retail, restaurants and a 300-room hotel, on 50 acres adjacent to and south of the Capital Beltway, reports the Baltimore Business Journal. It will cost $925 million and include 3,600 slots and 140 table games, a 1,200-seat theater, 35,000 square feet of meeting space and a number of restaurants and retail outlets.
MGM could break ground on the project as soon as mid-summer. The goal is to open the casino by July 2016.
“We appreciate the county’s quick evaluation of these last important items,” said Lorenzo Creighton, president of MGM National Harbor, in a statement. “Their swift action now will help us meet our ambitious goal of opening our doors as soon as the law allows so we can begin generating revenues for the county.”
The resort, according to the state’s consultants, is projected to generate upward of $1.45 billion for the state over five years and draw 17,500 visitors per day, the Journal reported.
