Penn National Gaming Submits Proposal For Maryland CasinoFirm Wants To Build A $700 Million Project In Prince George County |
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In a bid for a casino over rival MGM Resorts International, Penn National Gaming has submitted a proposal for a $700 million Hollywood Casino Resort at its Rosecroft Raceway. The proposal was submitted to the Maryland Video Lottery Facility Location Commission last week.
MGM and Penn National are vying for the authorization to build in Prince George’s County, and only one of the firms will get approval.
Penn National’s proposed Hollywood Casino Resort at Rosecroft Raceway includes video lottery terminals, live table games, a poker room, a hotel with a pool and spa, a variety of food and beverage options, an event center and a new grandstand facility.
The company said it thinks the new project will generate about 4,600 direct and indirect construction jobs, and 2,600 permanent direct and indirect jobs.
Penn National said it could build the casino at Rosecroft Raceway without interrupting operations of the track and its year-round horse-racing meet.
Partnering with Penn National is Urban Design Group, which has designed four Hollywood Casino projects in the past, as well as Four Winds Casino Resort in Michigan.
“We believe our proposed Hollywood Casino Resort at Rosecroft Raceway represents the best way forward for Prince George’s County and the state of Maryland as it ensures the track’s long-term viability, provides further stability to the local horsemen and the state’s horse-racing industry, brings significant new investment and employment to the area and will be a long-term driver of elevated economic activity,” Tim Wilmott, President and Chief Operating Officer of Penn National Gaming, said.
Rosecroft Raceway is located approximately 13 miles south of Washington, D.C. on approximately 125 acres just outside the Washington Beltway in Prince George’s County.
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