As MGM Resorts works toward opening a $1.3 billion casino near the nation’s capital, Maryland Live!, that is currently the state’s largest casino in the case of gaming win, has announced plans for $200 million worth of recent investment.

The casino said that the cash could be spent on a 17-story hotel tower called Live! Hotel, for you to be equipped with amenities for guests and found directly adjacent to the casino.

Groundbreaking at the hotel tower is scheduled for this autumn and the project is anticipated to be completed in late 2017. MGM National Harbor is slated to open later this year.

According to a report from The Washington Post, a study found that Maryland Live! is anticipated to lose 16 percent of its profits in 2019 way to the competition.

Out of all of the state’s casinos, Maryland Live! would be the closest to the brand new MGM property.

Even before MGM National Harbor opens its doors, the state’s casino gambling market is already at record levels. In May, the state’s five casinos won $104.4 million from gamblers, a brand new record for a single month for the casinos. Slots accounted for just about $67 million, while table game win was $37.4 million.

“Maryland Live! Casino is the premier gaming, entertainment and retail destination serving the guts of the Baltimore/Washington population,” Robert Norton, President of Cordish Global Gaming Group, said in a press release. “The addition of our flagship Live! Hotel is simply the newest investment we're making to make sure Maryland Live! remains to be the most popular choice for visitors seeking a world-class gaming and entertainment experience.”

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