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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.
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.
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 .
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MGM Resorts International’s online gambling subsidiary BetMGM is partnering with X, formerly Twitter, to bring sports gambling stats to the social media platform, Fortune has learned.. With a ...