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Apr 7, 2011

Jockey Club wants Cordish suit in Arundel

The Maryland Jockey Club has filed a motion to move a $600 million lawsuit by the Cordish Cos. to Anne Arundel County from Baltimore City. The jockey club, along with Laurel Park and Pimlico Race Course co-owners Penn National Gaming Inc. and MI Developments Inc., are named as co-defendants in the suit. Also named are […]

Apr 6, 2011

State casino owners going to be required to play nicely

ANNAPOLIS – The General Assembly is scheduled to approve legislation Thursday that would require Maryland’s casino owners to play nice as the state struggles to get its nascent gaming industry up and running. The House of Delegates gave preliminary approval to the Senate’s version of the legislation, SB 373, on Wednesday. A final Senate vote […]

Apr 4, 2011

Profit at Atlantic City casinos down nearly 28% in 2010

ATLANTIC CITY, N.J. — Atlantic City’s 11 casinos reported their gross operating profit fell by nearly 28 percent last year as fierce competition from casinos in neighboring states continued to batter the nation’s second-largest gambling market. Year-end tax data released Monday by the state Division of Gaming Enforcement showed the casinos with a total gross […]

Apr 3, 2011

Maryland Lottery eyeing Internet sales to boost revenues

ANNAPOLIS — Maryland Lottery officials are eyeing online ticket sales to bolster revenues and keep the state’s games competitive with other jurisdictions readying themselves for a jump to the Internet. “It is something that we are looking at, just like every other lottery in the country,” lottery Director Stephen Martino said. “Almost all for-profit ventures […]

Mar 29, 2011

Maryland poaching bills are competing

ANNAPOLIS — A bevy of poaching bills are making their way through the House of Delegates and Senate, highlighting divisions among lawmakers who are trying to address poaching problems in different ways. While some of the bills were already in the works at the beginning of the session, others were quickly drafted after nearly 13 […]

Feb 10, 2011

Baltimore to start getting share of Md. slots take

Starting in July, counties that have benefited from casino revenue will see a chunk of their money go to the city of Baltimore and Prince George’s County. According to Maryland law, local jurisdictions get 5.5 percent of the slots revenue from the casino in their area. But beginning in fiscal 2012, 18 percent of that […]

Feb 7, 2011

Perryville casino revenue jumps in January

Hollywood Casino Perryville’s revenue has rebounded after the holiday months caused gamblers to spend their money elsewhere. The state’s first casino reported it made $7.7 million in January, its highest revenue since October, according to figures released Monday by the Maryland Lottery Agency. That number is $1.1 million higher than the previous month, which was […]

Jan 24, 2011

AC casinos to slump as neighbors thrive

ATLANTIC CITY, N.J. — A new report paints a grim picture of 2011 in the nation’s second-largest gambling market. The research report by a major casino analysis company predicts Atlantic City’s 11 casinos will continue to lose money and market share this year, even as the competition all around them prospers. The Spectrum Gaming Group […]

Jan 24, 2011

Cordish Cos. plans Nebraska entertainment complex

The Cordish Cos. will soon add to its development portfolio an upscale outlet center and entertainment area in Nebraska. The Baltimore-based developer revealed plans Monday to build the center in La Vista’s Southport West Development, outside Omaha, Neb. The first phase of the project, called Live! at Southport West, will include national and regional restaurants […]

Jan 17, 2011

Veterans’ groups trying once again for slots

ANNAPOLIS — War veterans’ organizations are taking another shot at passing legislation allowing them to operate slot machines to offset dire finances at posts across the state. The push is nothing new. For years, lawmakers have been trying to pass legislation, in some form, to allow groups like the Veterans of Foreign Wars and The […]

Jan 13, 2011

Lawyer says Rocky Gap needs lower tax on slots

CUMBERLAND — The head of a law firm representing bondholders at Rocky Gap Lodge says a lower tax rate on slot machine proceeds is needed to spark greater interest in attracting a bidder. Casper Taylor Jr. says a state panel proposed changes this week that help sweeten the deal. But he says dropping the tax […]

Jan 11, 2011

Panel urges fiscal sweeteners to get casino at Rocky Gap

ANNAPOLIS – The state slots commission urged lawmakers Tuesday to loosen restrictions on the Western Maryland gaming license to spur development of a casino there as the General Assembly opens its 2011 session Wednesday facing a $1.6 billion budget deficit. The Video Lottery Facility Location Commission’s proposals include allowing gaming firms to own the Rocky […]

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