Crystal Steel Awarded Contract for Metals Materials on MGM National Harbor Development
Asian-American Minority Business Enterprise brings 23 years of fabrication experience
to new destination casino resort in Maryland
NATIONAL HARBOR, Md., (July 23, 2015) – MGM National Harbor, LLC, a subsidiary of MGM Resorts International (NYSE: MGM), has announced that Crystal Steel Fabricators has been awarded a contract to provide miscellaneous metals for the MGM National Harbor project.
“We are pleased to have Crystal Steel working on this high-profile project, given their strong track record of quality work on major projects in the region, including the Tysons Corner Silver Line Metro station and the Foggy Bottom Metro station,” said Lorenzo Creighton, President and COO, MGM National Harbor.
“We are delighted to be working on this monumental project in Prince George’s County. We are especially pleased that MGM National Harbor continues to prioritize contracting with minority owned businesses,” commented William Lo, President of Crystal Steel. “MGM National Harbor is taking a leadership role in our community by partnering with local firms and creating jobs.”
The contract awarded to Crystal Steel includes construction of metal pan stairs, handrails, fall protection systems, sill angles, lintels, bollards, embedded angles and plates, as well as support systems for various partitions, hanging fixtures and furnishings. Founded in 1992 in Delaware by Bill Lo and his father John Lo, the company has grown from two people to approximately 350 employees with more than $60 million in annual revenues.
Creighton added, “As an Asian-American owned business, certified by the State of Maryland, this contract award to Crystal Steel continues our momentum on engaging well-qualified, minority-owned businesses to help build our world-class resort. And, it demonstrates further progress toward achieving the goals stated in our Community Benefits Agreement."
MGM National Harbor is a destination gaming resort located in the greater Washington Dc area at National Harbor, a waterfront development on the shores of the Potomac River in Prince George’s County, Maryland, adjacent to the Woodrow Wilson Bridge. MGM is investing $1.4 billion to develop the world-class resort which will include: a 24-floor, 308- room luxury hotel, a dynamic casino featuring a variety of slots and table games (including poker), a 3,000?seat flexible space theater, 18,000 square feet of high?end branded retail, 27,000 square feet of meeting space, and food and beverage venues by renowned chefs and local restauranteurs.
About MGM National Harbor
The newest addition to the MGM Resorts International (NYSE:MGM) portfolio, MGM National Harbor has an unrivaled setting offering stunning panoramic views of the eastern shore of the Potomac River in Maryland. The $1.4 billion LEED® Gold Certified resort, which opened December 8, 2016, 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 features 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; 50,000 square feet of meeting space; and restaurants from renowned local, national and international chefs. For more information and reservations, visit mgmnationalharbor.com
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 and Casino. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
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 forward-looking statements on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the timing and development of MGM National Harbor. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of economic and market conditions and competition with other destination travel locations throughout the United States and the world, and the design, timing and costs of the project 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). 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.