Jim Murren (left) and John Peterson (right) leaving the statehouse in Annapolis after meeting separately with Gov. Martin O'Malley and Senate President Mike Miller. Murren is the chairman and CEO of MGM. Peterson is with The Peterson Companies, the developer for National Harbor.
MGM Resorts International announced Friday that it will develop and operate a casino at National Harbor, but that's predicated on the General Assembly holding a special session next month and approving a bill that would allow for the casino license and table games.
MGM also says the state tax rate of 67 percent on casino earnings--among the highest in the country--would have to be lowered.
Gov. Martin O'Malley (D) thinks that can happen, saying the high rate was a compromise to get gaming approved in Maryland five years ago.
"I think now that people have seen that the sky hasn't fallen and that the opening of locations have not led to the automatic degradation of the morals of the people of Maryland ... people are more flexible," says O'Malley.
An advisory group determining whether there's consensus to hold a special session on gaming will meet for the final time this week.