Thursday, June 30, 2022

MGM Resorts proposes $1 billion gambling complex in Atlanta


MGM Resorts has proposed to build a $1 billion gambling complex in Downtown Atlanta as a bill moves through the Georgia State Legislature, according to the Atlanta Journal Constitution. 

The bill proposed by Economic Development Committee Chairman Ron Stephens, has not yet passed but has increased in popularity over the past week and may appear on the statewide ballot in November 2016.

 MGM has reportedly hired 5 lobbyists to back the proposal for a casino and in order to pass, the bill would require a two-thirds vote from legislators.

If the bill passes, local governments could propose to voters the option to allow a casino to be built in their area. The state would be partitioned into five zones and no more than six casino licenses would be permitted, each overseen by the Georgia Lottery Corp. Any project would require approval of the state lottery board, appointed by Gov. Nathan Deal, as well.

 

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