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Penn National plans to bid on Prince George’s casino
Penn National plans to bid on Prince George’s casino
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The Pennsylvania gambling company that spent more than $40 million to prevent a massive gambling expansion in Maryland plans to bid on the Prince George’s County casino license that was part of that expansion.
In a federal filing last week, Penn National Gaming Inc. indicated it would turn in a bid this week — but didn’t sound optimistic about its chances.
“Though we intend to participate in the bidding process, we believe another operator could be selected,” Penn National said in its quarterly report to the Securities and Exchange Commission.
Penn National has previously said it would like to build a casino at Rosecroft Raceway, a horse racing track it owns in Fort Washington.
MGM Resorts International Inc. made plans last summer to bid on the license, too, offering to build a resort casino at National Harbor in Oxon Hill. MGM — favored by Prince George’s County Executive Rushern L. Baker III and other powerful elected officials — is widely expected to win the license.
Despite the SEC filing Friday, a Penn National spokeswoman declined to discuss the company’s expected bid, saying that no information on the decision would be available until the May 10 application deadline.
