Michael Neibauer
Washington Business Journal
The Maryland Video Lottery Facility Location Commission on Friday voted 5-2 in favor of MGM Resort International's bid to build a $925 million resort and casino on a hill overlooking the Peterson Cos.' National Harbor development.
MGM is shooting for a mid-2016 opening, CEO Jim Murren said after the vote. Murren said, rather confidently, that MGM National Harbor will be the most profitable casino in the United States outside of Las Vegas, because of the three major airports – two international – that feed it, because of its location and because Virginia, home to National Harbor's most important client base "won't have gambling in my lifetime."
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