Casino at National Harbor, Maryland

In November 2012, Maryland residents voted to allow a billion dollar Las Vegas style casino to be built at National Harbor, the waterfront development near Washington DC. Bringing slot machines and gambling to the state of Maryland has been an ongoing controversy. In 2008, five gaming locations were approved with the intention of generating funds for education. The opening of an additional resort casino in Prince George’s County will create thousands of construction and full-time jobs and generate millions in additional revenue for the county and the state. The facility is expected to open in 2016.

In June 2012, Peterson Companies and MGM Resorts International entered into an agreement for MGM Resorts to develop a world-class destination resort casino at National Harbor. The agreement was contingent upon the Maryland Legislature passing this legislation. This location will attract local residents, but will also serve as a new amenity for the more than 40 million domestic and international visitors who travel to the capital region each year. The resort casino is projected to include approximately 4,000 slot machines and 250 table games along with retail, restaurant and entertainment options and a luxury hotel. In September 2012, MGM opened an information center at 116 Waterfront Street to share their vision for a world-class casino at National Harbor.

About National Harbor

National Harbor is a developing neighborhood located along the Potomac River with convenient access to Washington DC and Alexandria, Virginia. The mixed-use community includes hotels, restaurants, retail stores, condominiums, a full-service marina, a convention center, and commercial office space. Read more about National Harbor.

About Peterson Companies

Peterson Companies is one of the largest privately-owned real estate development companies in the Washington, DC area is responsible for some of the most prominent and successful mixed-use, residential and office developments in the capital region including National Harbor, Virginia Gateway, Downtown Silver Spring, Washingtonian Center, Fairfax Corner, Fair Lakes, Burke Centre and Tysons McLean Office Park. For more information about the company, visit www.PetersonCos.com.

About MGM Resorts International

MGM Resorts is one of the world's leading global hospitality companies, operating destination resorts around the world including such iconic Las Vegas resorts as Bellagio, MGM Grand, Mandalay Bay and The Mirage. The company also operates MGM Macau and has many other partnership projects under development in China, India, the Middle East and other destinations around the world. For more information about the company, visit www.mgmresorts.com.

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