MGM Resorts signed a deal Friday to build a large hotel-casino complex in southern Maryland roughly 10 miles from The White House.
The casino giant announced the agreement jointly with the Peterson Cos., which developed the 350-acre National Harbor area along the Potomac River in Maryland's Prince George's County.
The MGM Resorts hotel-casino would become part of the National Harbor complex, which serves as a waterfront destination for the Washington, D.C., metro area, offering restaurants, retail, offices, residences, and several hotels. The National Harbor also includes the Gaylord National Resort and Convention Center.
The agreement is contingent on the Maryland lawmakers passing legislation to grant a sixth casino in the state for a license at National Harbor. It would also depend on passage of a "competitive tax rate" for the site and a referendum by Maryland voters.
