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Penn National Gaming filed paperwork with the Securities and Exchange Commission saying that it plans to throw its hat—and cash—into the bidding ring to build a Las Vegas-style casino in Prince George's County.
The decision once again pits Penn National against MGM Resorts. Each company spent $40 million last year in Maryland's gambling referendum. Penn rolled snake eyes in its bid to derail gambling in Prince George's County last year, so it has apparently decided that if you can't beat them, join them.
Penn owns Rosecroft Raceway in Ft. Washington, and that could be the site for its casino. MGM, on the other hand, wants to build a casino at National Harbor. All bids are due this Friday.