US – Runners and riders approved for Maryland VLT raceBy Phil - 14 October 2013
The Maryland Lottery and Gaming Control Commission has given video lottery terminal operating licenses Penn National Gaming, Greenwood Racing and MGM Resorts International as the race to develop the state’s sixth casino licence heats up.
The winning operator for a casino license in Prince George’s County, which borders Washington, D.C., to the east, is expected to be announced before the end of the year.
In-depth background investigations were conducted by a team of 21 accountants, financial analysts and members of the Maryland State Police.
Union Gaming Group Managing Director Bill Lerner said: “The background investigations were both thorough and lengthy. MGM’s prior dealings with Pansy Ho were reportedly a key focus of the investigation and accordingly the state found no issues related to MGM’s current or historical business in Macau. We think the approval has positive ramifications for MGM’s ability to be relicensed in New Jersey and obtain licensing in Springfield, Massachusetts.”
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.
MGM Resorts Chairman Jim Murren said: “We are very pleased with the results of the process in Maryland. 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.”
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 on October 25.
Mr. Murren added: “We look forward to October 25, and the opportunity to share our proposal with the Commission, the people of Maryland, especially our prospective neighbors in Prince George’s County. We have the best site, the best proposal and the best company. The combination of our experience, our vision, and the unmatched National Harbor site will maximize the benefit for Maryland and Prince George’s County.”
Penn National Gaming wants to develop a casino at Rosecroft Raceway, which the company operates near National Harbor whilst the other applicant, Maryland Casino, a subsidiary of Greenwood Racing wants to build a casino in Fort Washington.