MGM National Harbor Found Suitable for Gaming License in Maryland
NEWS RELEASE MGM National Harbor found suitable for gaming license in Maryland 10/10/2013 NATIONAL HARBOR, MD, October 10, 2013 – MGM National Harbor, LLC, a subsidiary of MGM Resorts International (NYSE: MGM), moved another step toward earning a license to operate a destination resort in Maryland today when the Maryland Lottery and Gaming Control Commission voted unanimously to accept a report by the Maryland Lottery and Gaming Control Agency, which concluded that MGM National Harbor, “its principal entities and principals have established by clear and convincing evidence their qualifications for operation license.” “We are very pleased with the results of the process in Maryland,” said MGM Resorts Chairman and CEO Jim Murren, who participated in today’s hearing in Baltimore. “We commend the Maryland Gaming and Lottery Control Agency on its proficiency throughout this process. Our company has undergone similar processes in a number of jurisdictions and we found Maryland’s process to be thorough, comprehensive, and conducted in a fair and professional manner.” MGM National Harbor is currently one of three bidders vying for a new license in Prince George’s County, Maryland. The MGM proposal would place a destination resort at the National Harbor development, which is south of Washington, D.C., on the banks of the Potomac River and adjacent to a major freeway interchange with access to the Washington Beltway. The next step in the licensing process comes the week of October 21, when bidders will present their proposals to the Maryland Video Lottery Facility Location Commission on three separate days. MGM National Harbor will present 1 on Friday, October 25.
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