Report: MGM licensing fee way too low

The licensing fee for a new casino in Prince George’s County is about $482 million too low, according to a study released Wednesday by the Maryland Public Policy Institute.

The study by the nonpartisan group says that likely operator MGM Resorts International could make a 17 percent rate of return on a National Harbor casino if it paid the state $500 million for the right to open. Critics, however, say that amount is unreasonably high.