Casino Bidder Buys Land in Prince George’s County
FORT WASHINGTON, Md. (CBSDC/AP) — Maryland lawmakers last year approved allowing one casino location in Prince George’s County, Maryland, which will be the state’s sixth casino location.
While state officials are still reviewing three proposals, from Penn National Gaming Inc., Maryland Casino LLC (a subsidiary of Greenwood Racing) and a subsidiary of MGM Resorts International, one company has already gone ahead with purchasing its proposal site.
The Washington Post reports that a deed filed with county courts shows that the Greenwood Racing affiliate bought a 22-acre parcel of land near Indian Head Highway and Old Fort Road last month for $1.4 million.
Greenwood Racing is the owner and operator of Pennsylvania’s highest revenue-generating casino, Parx Casino. Its $800 million proposal includes a hotel and entertainment venue.
MGM Resorts is proposing a casino at National Harbor and Penn National Gaming bid for a gaming facility at Rosecroft Raceway, also in Fort Washington.
Maryland regulators plan to choose the winning bidder by the end of the year. The new casino could open by 2016.
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