MGM Resorts Beats Penn National in Maryland Casino Fight
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MGM Resorts International, the largest owner of casinos on the Las Vegas Strip, was picked by Maryland regulators to build a $925 million resort south of Washington.
The ruling by the Maryland Video Lottery Facility Location Commission today will let MGM build the state’s sixth casino and the one nearest the U.S. capital, a wealthy metropolitan area of more than 5.8 million residents. MGM beat two rival bidders, including Penn National Gaming Inc., owner of a West Virginia casino that stands to lose business to the new resort.