![]() ![]() The Las Vegas Strip, where MGM is heavily invested, is only now beginning to climb out of the recession with convention business returning, Bumazhny said. The National Harbor plan comes at a time when gambling markets are being reshaped. "Combine that with the visibility of this location, we think that's going to be a very powerful draw and that will help Maryland attract tourists."īut uncertainty hovers over the entire industry. ![]() "Bringing the power of that brand equity to the Maryland gaming and entertainment industry is obviously a plus," he said. It uses the same databases to keep occupancy rates in its 40,000 Las Vegas hotel rooms routinely above 85 percent, he said. MGM's Absher said the company has databases of millions of customers, many who live along the East Coast and others around the world, that it will use in attracting players to National Harbor. "It's a large number, but I think it's feasible in terms of the supply and demand in the market," Bumazhny said. More than $700 million in annual revenue would make that one casino larger than several casino markets, such as Reno, Nev., and New Orleans, based on last year's revenue, according to the American Gaming Association. Bumazhny said the revenue estimate for the Prince George's facility is a huge number in today's casino market, where saturation on the East Coast in the past decade has driven down the revenue potential of any one facility.
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