Boston, MA 05/23/2014 (wallstreetpr) – The leading resort chain MGM Resorts International (NYSE:MGM) got the green signal to proceed with its much awaited National Harbor casino project in Maryland. The road was never easy for MGM. There were so many individuals, government bodies and firms who raised a question over the sustainability of the project. According to them, if allowed in Maryland, the National Harbor casino project of MGM would take away the historical appeal from the Capitol and National Mall which are located in the same area.
Conditions Put in By the Board To Pass The Project:
But after all the objections created by the distinct entities, the Prince George’s County Planning board recently approved the project. The project is expected to have a grand opening in the year 2016 as per the reports of Washington Post. Though the government had few issues that were discussed with the management of MGM. One of the issues was the amount of the light coming from exterior lighting and LED video screens; thus the concerned person from the planning board asked the MGM Resorts International (NYSE:MGM) management to control the amount of the light coming out.
Other than the issue of light, the planning board also asked to scrap all the plans of bringing the beam light to shoot from the sky-touching 21-floor hotel during the night time.
Unlike the other projects, the latest national harbor casino project has 3,000 seat venues which will give new heights to the level of entertainment in the city. There are many other smaller never before seen additions will be done in the project in the coming months.
Please note that MGM is a leading resort chain which is known for excellent casino services in all over USA. The financial results of MGM Resorts International (NYSE:MGM) for Q1 2014 were quite good and if the latest project becomes a hit, then you will see higher revenues and profit figures in coming days.
