MGM Wins Prince George’s Casino License (Demo)

It’s a given that MGM would get the gaming license.  The Video Lottery Facility Location Commission will announce that MGM beat out Greenwood (Parx Casino) and the local underdog  Penn National (Rosecroft).

UPDATE:  The Video Lottery Facility Location Commission voted 5-2 in favor of awarding MGM the Prince George’s County gambling license.  The $925 million casino will have 3,600 slots (600 more than Maryland allows by law, but there is a waiver opportunity if the commission allows), 140 table games (including a poker room), a 300-room hotel, spa, rooftop pool, luxury branded retail, a 1,200-seat theater, 35,000 square feet of meeting and event space and a 5,000-space parking structure hidden by a seven-story plinth.  In addition to celebrity chef owned restaurants, there will be high-end shops like Tiffany and Co., Hermes and Prada. A fountain out front will also double as a ice skating rink in the winter
Washington Business Journal and other media outlets reported that consultants’ analysis showed that MGM would garner the most revenue for Maryland, “The MGM Resorts International proposal stands to generate the most gaming revenue for Maryland out of the three firms vying to build a Prince George’s County casino, two consultants hired by the gaming location commission said Friday. Will Cummings of Harrisburg, Pa.-based Cummings Associates concluded that MGM National Harbor would net — after taking into account the revenue damage done to competing Maryland casinos — $575 million. Parx Casino Hotel & Spa from Greenwood Racing Inc. would net $535 million and Hollywood Casino at Rosecroft from Penn National Gaming Inc. $460.5 million.”  I read some of the analysis myself and the consultants found issues with traffic volumes and needed roadway improvements not properly addressed by Penn National’s proposal and Greenwood’s proposed location along MD 210  “improvements the applicant has committed to in Phase I is not enough to mitigate projected impacts along the MD 210 corridor during key hours on Friday and Saturday evenings.”   Penn and Greenwood representatives disputed the analysis.  Well you don’t say.

Casino License Awarded FeatureWhat outstanding issues were there with the MGM proposal you ask?  The consulting report says that since the size and uniqueness of the MGM site is categorized as a destination establishments and will bring retail purchasing people like me who will not be gambling, “some additional vehicles should be included in the trip generation to account for this.”  I don’t really know what that means but it doesn’t sound like the infrastructure and eminent domain problems found with the other two proposals.  Well, here’s hoping that there are great restaurants and a plush spa.

 
 

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Comments (1)

What’s going to happen is that crime will increase and homes will be foreclosed on. This isn’t a good idea, Rushern!!!

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