Wed August 8, 2012
Gambling Expansion Details Released by MD Governor
ANNAPOLIS, Md. (AP) - Gov. Martin O'Malley's administration has released details in gambling legislation for a special session this week.
The provisions made public Tuesday touch on a variety of changes that would come with the addition of table games like blackjack and a new casino site in Prince George's County.
A key part of the bill relates to how much money casino operators will keep.
The new Prince George's site would involve competitive bidding. A casino bidder could propose keeping 33 percent of the proceeds, as the law is now, or seek higher profits up to 38 percent.
A casino in Anne Arundel County and one planned in Baltimore would get an additional 5 percent to spend on marketing and capital improvements to help offset added competition from Prince George's.