MGM Casino - National Harbor Review
MGM National Harbor, a subsidiary of MGM Resorts International (NYSE: MGM), was awarded the license to operate the sixth casino in the State of Maryland in December 2013 and in May 2014 the resort casino in Prince George’s County at National Harbor broke ground. While the December license deal obligates MGM to open in August, the company can exercise its option to request a six-month extension, which it plans to do. MGM says its on pace for a fourth quarter opening, but if granted the extension could extend that date to February 2017. Mgm casino.
Upon opening, the now $1.3 billion MGM National Harbor will include approximately 3,600 slot machines, 140 gaming tables, a 3,000-seat theater, and a 300-suite luxury hotel. Also included are meeting and event spaces, spa and fitness center, pool, bars and large-scale entertainment venues. It will be home to five feature restaurants, three of which will be operated by culinary headliners brothers Bryan and Michael Voltaggio, José Andrés, and Marcus Samuelsson, as well as the National Market, which includes eight quick eats restaurants.
MGM also needs to hire 3,600 employees by the year's end and has now opened its MGM National Harbor Employment Center.
MGM’s winning proposal is centered on a $925 million investment designed to respect the rich history and atmosphere of Prince George’s County while meeting the needs of the sophisticated Maryland marketplace. The dynamic mix of resort amenities and entertainment experiences includes a casino with 3,600 slots, 140 table games including poker, a 300?suite 4.5?star quality hotel with luxury spa and rooftop pool, high-end branded retail, fine and casual dining – from both local and celebrity chefs, including the Voltaggio Brothers, Gina and Pat Neely, and Andrew Carmellini, a dedicated 1,200-seat theater venue, 35,000 square feet of meeting and event space, and a 5,000-space parking structure.
Maryland and local Prince George’s County residents stand to experience tremendous economic benefit from the project. Commission consultants report that MGM National Harbor would generate more revenue, more tax dollars, and create more jobs than would the two other companies bidding for the same license. MGM National Harbor will create more than 4,000 direct permanent jobs in National Harbor.
MGM Resorts is also working with local minority investors at MGM National Harbor, like Radio One, a nationally recognized diversified media company that primarily targets African-American and urban consumers. Radio One, the largest minority investor in MGM National Harbor, is headquartered in Maryland and currently owns or operates 54 broadcast stations in 16 urban markets, making it one of the largest radio broadcasting companies in the country. In addition, the Company owns a controlling interest in TV One, LLC, a cable/satellite network programming primarily to African Americans.
MGM National Harbor President and COO, Lorenzo Creighton, said, “Today’s decision allows us to move forward in earnest with the plans we’ve built with this community. MGM is committed to ensuring that jobs stay within Prince George’s County and that the local workforce will be successful in their careers with MGM National Harbor. By utilizing our network of local employers and educational institutions, and by maintaining a strong relationship with our local workforce, we will deliver on our promise of economic development and growth in Prince George’s county and the broader region.”
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MGM’s commitment to Prince George’s County, however, extends beyond job creation and economic development. Throughout the entire proposal process, MGM has placed an emphasis on partnering with the local community through the support of education, youth development, arts and culture, and diversity and community development programs throughout the County.
“Everywhere we operate, MGM is an active supporter of the community. Our employees are active volunteers in their communities year-round, contributing time and talent to the causes they care about the most,” said Mr. Creighton. “Building on the great partnerships we’ve already established here in Prince George’s County, MGM National Harbor’s commitment to the local community and its residents will remain strong for years to come.”
Mr. Murren attributed much of the credit for today's decision to the groundswell of support MGM has received since arriving in Maryland more than 18 months ago, stating, “Today’s announcement reaffirms what MGM and our community partners, local residents and businesses have believed from the very beginning of this process, that MGM Resorts is the clear choice to provide the greatest opportunity for Maryland and Prince George’s County.
“Today marks the end of the RFP process, but we view it as just the beginning of our work here in Maryland. We thank the Commission and the community for expressing confidence in our proposal and we look forward to breaking ground in the new year. This one-of-a-kind property will truly serve as an iconic gateway to Maryland.”
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also owns 51% of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is in the process of developing a gaming resort in Cotai, and 50% of CityCenter in Las Vegas, which features ARIA resort and casino. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
Statements in this release that are not historical facts are forward-looking statements involving risks and/or uncertainties, including those described in the MGM Resorts International’s public filings with the Securities and Exchange Commission. MGM Resorts International and MGM National Harbor have based forward-looking statements on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the development of MGM National Harbor. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of economic conditions and market conditions in the markets in which MGM Resorts International operate and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts International’s Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, neither MGM Resorts International nor MGM National Harbor is undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law.
For further information: Lynnette Johnson Williams, Edelman: O: (202) 326-1755, C: (202) 817-7701, Email: Lynnette.Williams@edelman.com or Gordon Absher, MGM Resorts International, Email: GAbsher@mgmresorts.com
The national Market is the center of the food experience at the MGM National Harbor. Guests can choose to dine inside and admire the view through the floor-to-ceiling windows or choose to dine outside on the National Harbor Terrace that features amazing views of the Potomac and the Harbor. Either way, the National Market's eight restaurants are sure to satisfy every taste.
A modern twist on the taco stand featuring authentic sides as well as customizable tacos, quesadillas, burritos, and tostadas and so much more.
Traditional Vietnamese dishes featuring Vietnamese sandwiches served on soft baguettes, spring rolls, salads topped with pickled vegetables, and pho noodle soups flavored with a variety of traditional spices such as Thai basil, toasted peanuts, chiles, and green papaya.
Bento box dishes prepared by sushi chefs that include fresh fish such as salmon, halibut, tuna, and hamachi octopus.
Named after the nation's capital, freshly carved meats and regional cheeses on deli-style bread washed down with a cold-pressed organic juice make the District Deli the perfect spot for lunch.
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Contemporary bar featuring flights and large pour local craft beers and a wide variety of wine.
You won't have to choose between savory and sweet at Honey's, with its homemade huckleberry glazed, banana pudding and apple fritter homemade donuts and buttermilk fried chicken, fried pickles, BBQ wings, and cheddar biscuits. Mmm Mmm!
Retro 50's-style ice cream shop that features all in-house made ice creams.
New York-style Italian cooking featuring pizzas by the slice, Sicilian-style pies, whole pies, calzones, meatballs and garlic knots.