Three companies compete for right to operate Prince George’s casino

Via Washington Post

Three companies have put in bids to build a Prince George’s County casino, leading to a high-stakes competition to operate what could be one of the most lucrative gambling venues on the East Coast.

On Friday, the deadline for bids, Penn National Gaming proposed a $700 million Hollywood Casino Resort at Rosecroft Raceway, and the owner of a Pennsylvania casino proposed an $800 million Parx Casino Hotel & Spa nearby in Fort Washington.

The two bids will compete with a plan by MGM Resorts to operate Maryland’s sixth casino at National Harbor, the 300-acre mini-city on the Potomac River. The proposal to build that $800 million facility was submitted to the state Thursday.

A Maryland panel is expected to take several months to weigh the proposals and aims to choose one by the end of the year. The new casino could open by 2016.