If a division of MGM Resorts International (NYSE:MGM) has its way, the state's waterfront will be the site of a sprawling resort. The company's MGM National Harbor unit has filed a proposal for a license to develop a resort at its namesake real estate development on the shores of the Potomac River.
If the license is granted by the state's Video Lottery Facility Lottery Commission, MGM would build a complex covering more than 20 acres at National Harbor. The resort would boast luxury retail stores, entertainment venues, and various dining options.
Filing the proposal is the first stage of the application process for the license; the next would require MGM to make an oral presentation about the complex.