MGM National Harbor Tops Off Magnificent Resort Casino

Luxury Destination Resort on Schedule to Open in Fourth Quarter of 2016 in the Nation's Capital Region

Jan 20, 2016, 11:00 ET from MGM Resorts International

NATIONAL HARBOR, Md., Jan. 20, 2016 /PRNewswire/ -- MGM National Harbor today celebrated the "topping off" of the $1.3 billion resort casino by placing the final level atop the highest point on the 24-story concrete structure. This significant construction milestone comes as the much-anticipated resort moves toward its opening in the fourth quarter of 2016. The luxury resort is set to become a premier destination in the Capital Region for entertainment, dining, shopping, gaming, and much more.

"Today, we commemorate an important construction milestone for MGM National Harbor, as our vision for building the finest luxury resort on the East Coast continues to come to fruition. When we began this journey, we set out to design a property that would rival any in our portfolio, bring great pride to Prince George's County and the State of Maryland. Looking at the project now, it is clear that we are well on our way to delivering on that vision," said Jim Murren, Chairman and CEO of MGM Resorts International (NYSE: MGM).

MGM National Harbor reflects a contemporary, bold and progressive design inspired by the historic area, national icons and natural beauty of Maryland, Washington, D.C. and Virginia.  MGM recently announced that renowned chefs José Andrés, Marcus Samuelsson, and Bryan and Michael Voltaggio will lead its culinary program. In addition, the resort will feature 308 guest rooms and suites, a world-class spa, a 3,000-seat entertainment theater, high-end branded retail, an expansive gaming floor with table games such as poker, baccarat and slot machines, and more than 25,000 square feet of meetings space.

Lorenzo Creighton, President and Chief Operating Officer of MGM National Harbor, said, "We are grateful to the thousands of talented individuals – architects, construction workers, contractors and more – who've worked with great pride to make this amazing achievement happen so quickly. It's a marvel to watch the incredible progress. Now, with the 'topping off' complete and winter setting in, work begins within the resort. We look forward to maintaining the momentum and unveiling the finished product later this year."

Joining Mr. Murren and Mr. Creighton to mark the milestone was Bill Boasberg, General Manager of MGM National Harbor, who will run the day-to-day operations for the resort once open, as well as senior executives from the MGM Resorts International leadership team in Las Vegas and the Regional Operations team based in Maryland.

MGM Resorts International was awarded the sixth license to operate a casino in Maryland in December 2013, and began construction on MGM National Harbor in May 2014. Since then, on average, about 1,100 workers are active on the site each day, building the resort to design specifications and LEED Gold Certification standards. Approximately 31 percent of contracts have been awarded to Minority Business Enterprises (MBEs), and nearly 20% of total labor hours in 2015 were performed by Prince George's County residents. 

For high-resolution images and additional information, visit newsroom.mgmnationalharbor.com.

About MGM National Harbor

The newest addition to the MGM Resorts International portfolio, MGM National Harbor's unrivaled setting offers stunning panoramic views of the eastern shore of the Potomac River in Maryland. The $1.3 billion resort sits a short distance from Washington, D.C. to the north and historic sites, including George Washington's Mount Vernon estate across the river in Virginia. The 24-story, 308-room resort will feature premier amenities and experiences for locals as well as visitors from around the world including a dynamic casino with over 125,000 square feet of space that includes slots, table games and poker; a world-class spa and salon; an entertainment theater with flexible seating for up to 3,000; high-end branded retail; 27,000 square feet of meeting space; and restaurants from renowned local, national and international chefs.

About MGM Resorts International

MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.  The Company also owns 51 percent of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA Resort & Casino. For more information about MGM Resorts International, visit the Company's website at mgmresorts.com.

Forward-Looking Statements
Statements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  MGM National Harbor has based these statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include statements regarding the contemplated lineup of chefs and the expected opening date of the casino resort. A number of important factors could cause actual results to differ materially from those indicated in such forward-looking statements, including effects of economic and market conditions, competition with other destination travel locations throughout the United States and the world, and the design, timing and costs of the projects and risks relating to permits, licenses, financings, approvals and other contingencies and additional risks and uncertainties described in the MGM Resorts International Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports) filed with the Securities and Exchange Commission. In providing forward-looking statements, MGM National Harbor is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law.

 

SOURCE MGM Resorts International



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