HomeRadio One Approved for Entertainment Complex

Radio One Approved for Entertainment Complex

Published on

Radio One, Inc. Finalized $40 Million MGM National Harbor Investment

Radio One

Radio One, Inc. announces the completion of its $40 million investment in MGM National Harbor, LLC. On November 17, 2016, Radio One Entertainment Holdings, LLC, a wholly owned subsidiary of Radio One, Inc., received approval from the Maryland State Lottery and Gaming Control Commission to become a Principal Entity of MGM National Harbor, LLC.

Following this approval, on November 30th, Radio One Entertainment Holdings, LLC contributed $35 million to MGM National Harbor, LLC, bringing its total investment to $40 million, as planned. The $1.4 billion MGM National Harbor property successfully opened to the public on December 8th.

Radio One, Inc. CEO Alfred Liggins said, “I congratulate Jim Murren, Bill Hornbuckle, Lorenzo Creighton and the whole MGM team on an outstanding job. MGM National Harbor is a world class facility that brings the very best in luxury, glamour and entertainment to our nation’s capital. We could not be happier about, or more proud of, how the project has turned out.” The investment by Radio One, Inc. in the non-voting economic interests in MGM National Harbor, entitles it to an annual cash distribution based on net gaming revenue and further diversifies the business away from dependence on advertising revenues.

Latest articles

10 Best Loans for Students

10 Best Loans for Students Loans for students are a necessary evil. Student debt is at an all-time high with this year's debt reaching 1.75 trillion. While, at the same time, the nation-wide average for unemployment has skyrocketed with 6.3 million experiencing joblessness. Thus, finding promising loans with affordable interest rates is more important than ever. Sofi Fixed APR: 2.49%-7.59% Variable APR: 1.74-7.24% Maximum Loan Amount: 100% cost of attendance With a shockingly low fixed rate of 2.49% -7.59%, Sofi is the number one lender at BlogWallet. [...]

Rappers Myron Rainey and Christian Sanders Shot Dead in Ohio (Video)

https://www.theindustry.biz/wp-content/uploads/2024/11/Screenshot_372.pngOver the weekend, a tragic shooting occurred in Shaker Heights, a wealthier neighborhood in...

Who is Kevin O’Leary?

Discover Kevin O'Leary, the renowned Shark Tank investor and business mogul. Learn about his entrepreneurial journey, success strategies, and impact on the business world.

Ex Radio Jock, Stephon Ferguson, Makes Living Imitating Dr. Martin Luther King around the World

KUDOS to a former radio jock for using his radio leverage to create an amazing opportunity for himself. Stephon Ferguson, 48, discovered his amazing ability to emulate one of the greatest leaders of our time Dr. Martin Luther King by chance in the late 90s. Ferguson was mixing a vinyl recording of Martin Luther King Jr.'s famous "I Have a Dream" speech on Motown records with a beat and he was overheard by a friend who came into the room asking if that was him.” Ferguson told ABC News. [...]

How Skillshare Democratized Learning and Created a Global Community of Creators

Discover how Skillshare revolutionized online learning, empowering millions to explore their creativity and learn new skills in a vibrant global community of creators.

The Birth of Native Instruments: How They Changed the Landscape of Digital Music Production

Native Instruments revolutionized digital music production with innovative software and hardware. Discover how this tech pioneer transformed the industry landscape.

Chicago Budget Passes Amid Migrant Spending Chaos (Vidoe)

In a tumultuous session held at Chicago City Hall, the Chicago City Council narrowly...

Entrepreneur Mistakes: Unimportant Interruptions

Do not allow anyone to throw your day off. Nothing like  unimportant interruptions For some odd reason, many people think that black entrepreneurs do nothing but sit around and twiddle our thumbs and wait for money to come in. I guess this is why we get unimportant interruptions during the day? They are really under the impression that because we do what we love we're not working. And part of that is correct, we're not working. But we're always busy and we never sleep. [...]

10 Tips on How to Improve and Make More Money with Your Business

One of the greatest complaints and challenges in business is almost always money. We...

How to Manage Your Business Calendar Automatically with Tech

Discover smart ways to streamline Business Calendar Management using automation tools and tech solutions. Save time and boost productivity with these essential tips.

More like this

Dance Music Digital Collectibles Platform RCRDSHP Closes Multi-Million Dollar Seed Round

RCRDSHP, the digital collectibles platform for electronic music, is  announcing the close of its first investment round. Supported by some of the leading innovators and investors in the NFT/digital collectibles space including legendary NFT collectors Metakovan and Twobadour (via PortKey Technologies), and Dapper Labs, this hybrid funding round has generated millions in capital to fuel the ever-growing ecosystems on the platform.  “The waves of attention and money flowing onto NFTs have still not reached the vast majority of artists and creatives,” Metakovan notes. [...]

Ecolab to Receive 2024 ELC Corporate Award for DEI Excellence

The Executive Leadership Council (ELC), a leading global organization for Black CEOs, senior executives,...

Christmas Tragedy: Six-Year-Old Girl Shot in Milwaukee (Video)

Child Shot on Christmas Morning in Milwaukee On Christmas morning, a tragic incident occurred on...

Texas Self Storage Association to Feature Reality Star at Annual Conference

Round Rock, TX, July 16, 2013 --(PR.com)-- The Texas Self Storage Association...

MyFitnessCompany.com Helps Personal Trainers, as Well as Fitness and Coaching Pros Build Their Business Through Effective Online Presence

Rancho Santa Margarita, CA, December 28, 2011 --(PR.com)-- Fitness and coaching professionals...

Miners: 6 Great Facts About Mining Cryptocurrency

Miners: 6 Great Facts About Mining Cryptocurrency Every wonder how to become a miner? And no, not a miner that searches for precious jewels on land, but a miner that solves complex mathematical problems and is rewarded with free crypto gold? If so, you're in the right place! The Mining Practice Though land mining and crypto mining share very few similarities, the comparison still holds. Crypto mining involves a lot of luck, being at the right place at the right time. [...]

MagicPay Now Offers Fanminder to Its Merchants

Boca Raton, FL, August 22, 2013 --(PR.com)-- MagicPay is a small merchant...

The Bernard Group Relaunches New Branded Agency as Bernard Group Communications

Austin, TX, November 16, 2011 --(PR.com)-- After fourteen years as a PR and...

Entrepreneur: Knowing When to Close Shop

I just saw a longtime friend be forced out of his business. He basically...