MGM Resorts International and Peterson Companies Announce Intent to Develop a Resort Casino at National Harbor
Peterson Companies and MGM Resorts International (NYSE: MGM) announced today that they have entered into an agreement for MGM Resorts to develop a world-class destination resort casino at National Harbor.
Developed by Peterson Companies, National Harbor comprises 350 acres of prime real estate along the scenic Potomac River in Prince George's County, MD. National Harbor, the Washington, DC metro area's premier waterfront resort destination, includes fine restaurants, distinctive retail, office and residences, and a number of world-class hotels including the Gaylord National Resort and Convention Center. As the anchor of National Harbor, Gaylord Entertainment retains an economic interest along with Peterson Companies in the resort casino transaction.
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