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MGM Resorts International (MGM) and Entain Plc's joint venture BetMGM continues to expand its presence.
On December 20, 2013, the Prince George's County casino license was awarded to MGM Resorts International for a casino resort, which opened on December 8, 2016, at National Harbor. In 2020, the voters of Maryland legalized sports betting. [10] Maryland's casinos will be automatically granted licenses for in-person sports betting.
Horseshoe Baltimore is an urban two-story casino, and the second largest casino in Maryland with a 122,000-square-foot gaming floor. [1] The multimillion-dollar facility features video lottery terminals, table games, and a World Series of Poker room.
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
An MGM-branded casino, called MGM National Harbor, opened at National Harbor on December 8, 2016, following voters' approval of an expansion to the state's gambling program in the November 2012 elections. [17] It was built on the south side of the Beltway, about a mile northeast of the National Harbor waterfront.
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MGM National Harbor is a casino hotel in National Harbor, Maryland, just outside of Washington, D.C. It opened on December 8, 2016, and cost $1.4 billion. It is owned by Vici Properties and operated by MGM Resorts International .