casino

Dover Downs Website

Dover Downs is set for another round of cuts.

Lawmakers in Dover this session turned aside a request by the company for more financial help.

The Wilmington News Journal reports that Dover Downs CEO Ed Sutor told reporters after a meeting of the Video Lottery Advisory Council that there would be adjustments.

But he declined to be more specific.

In May the casino said that it was eliminating table games along with around a dozen positions.

The casino had urged Delaware lawmakers to approve either new tax cuts or credit to prevent the layoffs.

casino website

Shareholders in the parent company of the Rocky Gap Casino Resort near Cumberland, Maryland, have approved a proposed merger with Las Vegas-based Sartini Gaming Inc.

Lakes Entertainment Inc. of Minnetonka, Minnesota, announced the results Tuesday of a special shareholders meeting held June 17.

The $128 million deal still requires approval by regulators in Nevada and Montana, where Sartini's Big Sky Gaming subsidiary operates. Maryland regulators approved the merger last week.

Dover Downs Website

DOVER, Del. (AP) - Dover Downs Gaming and Entertainment narrowed its first-quarter loss compared to last year but says further cost-cutting is needed.

The company on Thursday reported a net loss of $352,000, compared to a $1 million loss for the first three months of 2014. Revenues dropped from about $45.5 million to slightly more than $44.3 million.

The company said it will stop offering unprofitable table games at its Dover Downs casino between 2 a.m. and 8 a.m. Monday through Thursday, starting May 18, resulting in the elimination of 24 positions.

creative commons

OXON HILL, Md. (AP) - Maryland Gov. Larry Hogan is helping to celebrate a milestone with the MGM National Harbor resort and casino.

On Wednesday, the governor is offering remarks during the MGM Resorts International's 1,000th member construction workforce celebration.

The $925 million project was projected last year to bring about 2,000 construction jobs and 4,000 permanent jobs.

The plans for the site include a casino that can hold 3,600 slot machines and 140 table games. Officials said it could open as early as 2016.

Don Rush

BALTIMORE (AP) - Maryland's five casinos generated a total of $82.8 million in revenue last month.
 
The Maryland Lottery and Gaming Control Agency released the February revenue numbers on Thursday.
 
Total casino revenue from February increased from the same month last year by $16.8 million, or about 25 percent.
 
However, when the Horseshoe Casino Baltimore is excluded, revenue dropped by about $6.2 million, or 9 percent at the other four casinos. The Baltimore casino opened in August.
 

creative commons

A Delaware state has recommended providing a $46 million bailout for the First State’s gambling industry.

The plan to stabilize the Delaware’s three casinos came as a shock to some on the state’s Lottery, Gaming and Study Commission.

Where the money would come from as the budget battles heat up in Dover is still not clear.

House Majority Leader Valerie Longhurst who is also a member of the panel…called the proposal “an annual tradition that is not sustainable.”

creative commons

DOVER, Del. (AP) - A state panel charged with helping find a path forward for Delaware's gambling industry is meeting again after missing last week's deadline to submit recommendations.

Members of the panel, which recommended a $10 million casino bailout approved by lawmakers last year, were to meet Thursday to get updates on the state's most recent revenue forecast and on Delaware's horse racing industry, which gets a cut of gambling revenue.

The panel also was scheduled to discuss recommendations regarding further relief for Delaware's three casinos.

creative commons

BALTIMORE (AP) - Maryland's casinos generated $85.6 million in December, down from last month's revenues.
 
State revenue totals released Monday show that excluding Horseshoe Casino Baltimore - which opened in August -  revenues at the state's other four casinos were down by 3.6 percent in December, compared to the same month in 2013.
 
Factoring in the opening of Horseshoe Casino Baltimore, revenues increased by $20.6 million from December 2013 to last month. That's a 31.7 percent increase.
 

creative commons

Dover Downs is looking at some tough times.

Regional casino competition has doubled over the last few years while the bank demanded the casino’s mortgage as collateral when the gambling outfit recently refinanced $42 million of debt.

Meanwhile, its stock price has dropped to 72 cents after hovering around 30 dollars a share.

And it has the largest tax burden in the region at 43.5 percent.

After spending $283 million to building the casino and expand the casino over the last 18 years the owners say they are now fighting for their financial lives.

creative commons

The revenue figures are in for Maryland’s casinos.

They brought in $86.8 million for October.

The Maryland Lottery and Gaming Control Agency said the Maryland Live! earned just over $50-million while the Horsehshoe Casino Baltimore generated $22.4 million.

Hollywood Casino Perryville saw just over $6 million while Ocean Downs picked up $4 million.

And Rocky Gap Casino Resort came in with $3.7 million.

In a year-to-year comparison casino revenue declined by $2 million excluding Horsehoe Casino Baltimore which opened in August of this year.

creative commons

DOVER, Del. (AP) - An industry group representing Delaware's three casinos is asking state lawmakers to revise revenue sharing models so that the casinos can remain profitable amid increasingly intense competition from casinos in other states.

The top priority for the Video Lottery Advisory Council is returning to a tiered rate structure for slots revenue, with the state's share fluctuating based on the amount of revenue taken in.

Jeff Kubina / Creative Commons

ANNAPOLIS, Md. (AP) - The Maryland Board of Public Works has approved a contract renewal for the state to spend up to $200 million to lease and maintain slot machines over five years.

The board voted 2-1 Wednesday, with Gov. Martin O'Malley and Treasurer Nancy Kopp voting in favor of the renewal. Comptroller Peter Franchot voted against it.

Maryland law initially required the state to own slot machines at the state's five casinos. However, the law was changed in 2012.

Next March, three of the state's casinos will acquire their own slot machines.

Maryland Live! Casino website

HANOVER, Md. (AP) - Attorneys are pursuing a class-action lawsuit against Maryland Live! Casino in Hanover, accusing its operators of using a dealer school as a prop for job training to avoid paying the minimum wage.

The lawsuit was filed Tuesday in federal court by three people who underwent months of training to become dealers at the casino last year. Attorneys say hundreds more qualify as plaintiffs in the lawsuit and can join the litigation.

Don Rush

BALTIMORE (AP) - Maryland officials say the state's five casinos brought in more than $82.4 million in revenue last month.

The Maryland Lottery and Gaming Control Agency announced the revenue numbers Monday. Maryland Live Casino in Anne Arundel County led the group with more than $45.5 million from slot machines and table games. That's an approximately 10 percent decrease from September 2013.

Horseshoe Casino Baltimore, which opened to the public in August, brought in $22 million.

Don Rush

ANNAPOLIS, Md. (AP) - The agency that oversees Maryland's casinos is considering eliminating a program that allows gambling addicts to sign up for a lifetime ban from casinos.

The Maryland Lottery and Gaming Control Agency says it's planning to examine how the program is working and study changes. No timetable has been set.

Don Rush

DOVER, Del. (AP) - A state panel that recommended a $10 million financial bailout for Delaware's three casinos earlier this year has reconvened to figure out what, if anything, to do next to help the state's struggling gambling industry.

The gambling study commission, which met Thursday, is charged with studying challenges facing Delaware's gambling industry and recommending ways to help the state remain competitive in a region that is becomingly increasingly saturated with casinos.

Don Rush

DOVER, Del. (AP) - With lawmakers already having approved a $10 million financial bailout for Delaware's three casinos earlier this year, a state panel is reconvening to figure out what to do next regarding the struggling gambling industry.

The state gambling study commission, which recommended the bailout, is scheduled to meet Thursday to resume its work. The panel is charged with studying the competitive marketplace facing Delaware's gambling industry and recommending ways to address it.

casino website

BALTIMORE (AP) - The opening of Baltimore's first casino highlights a nationwide trend of casinos moving from traditional gambling destinations to other cities.

The Horseshoe Casino in downtown Baltimore opened its doors Tuesday night. A spokesman for an agency representing the casino said it hosted more than 15,000 guests in its first 12 hours.

Gambling experts say rust-belt towns like Philadelphia, Cleveland and now Baltimore have become desirable casino locations, especially as gambling destinations like Atlantic City continue to plunge into economic decline.

Horseshoe Casino Baltimore website

BALTIMORE (AP) - The Horseshoe Casino Baltimore is scheduled to open, marking a new milestone in Maryland's development of casino gambling.

The casino set to open Tuesday is the fifth and last of the five casinos initially planned when lawmakers approved slot machine gambling in a 2007 special session, a plan later approved by voters in a statewide vote in 2008.

The Baltimore casino will be home to 2,500 slot machines and 122 table games like blackjack.

Don Rush

DOVER, Del. (AP) - Delaware officials say competition from casinos in neighboring states continues to squeeze revenues at Delaware's three casinos.

The Delaware State News reports that the Video Lottery Advisory Council met for the second time this year to discuss the state of the gambling industry.

mgm resorts website

UPPER MARLBORO, Md. (AP) - Prince George's County officials are scheduled to vote on the building plan for a $925 million casino near the nation's capital.

The county's district council is meeting in Upper Marlboro to consider the site plan from MGM, which wants to build the casino and resort at National Harbor.

The vote by the nine-member panel is considered the last main hurdle to clear before construction can begin.

bmoremedia.com

BALTIMORE (AP) - The Horseshoe Casino Baltimore is scheduled to open in late August.

Casino officials say the $442 million casino is scheduled to open on the night of Aug. 26, pending regulatory approval.

The casino will feature 122,000 square feet of slot machines and table games like blackjack. It also will have two celebrity chef restaurants and a steakhouse. The facility will have about 2,500 slot machines and 100 table games. It also will have a World Series of Poker-branded poker room.

Casino officials say it will employee about 1,700 people.

Don Rush

DOVER, Del. (AP) - A bill providing a financial bailout to Delaware's three gambling casinos is poised for its initial vote in the state legislature.

The state Senate was scheduled to vote Tuesday on a bill to help the casinos, which have bemoaned competition in neighboring states and the share of gambling revenues they have to give to Delaware's general fund.

But a bailout plan that could have cost taxpayers about $20 million a year will be scaled down before Tuesday's vote to about half that amount.

Dover Downs Casino Website

There’s have been a major drop in the net earnings for Dover Downs last year from $4.8 million in 2012 to just $13-thousand in 2013.

Denis McGlynn, president and CEO of Dover Downs Gaming and Entertainment and Dover Motorsports Incorporated blamed the decline on competition – especially the Maryland Live! Casino.
The announcement comes a day before the nine-member Lottery and Gaming Study Commission is set to submit alternatives to lawmakers on how to best aid an ailing casino industry.

Don Rush

BERLIN, Md. (AP) - The Casino at Ocean Downs says it will set up 10 table games in a recently approved addition.

The Daily Times reports Monday that the casino in Worcester County has announced that the games will be installed in a 35,000-square-foot casino expansion. The casino does not give a timeline for the expansion.

Maryland Live!, marylandlivecasino.com

HANOVER, Md. (AP) - Maryland Live! officials plan to break through the casino floor wall with sledgehammers to mark the entrance to a poker room set to open next month.

The event is scheduled for Thursday at the casino in Hanover.

The poker room is scheduled to open to the public on Aug. 28 with 52 tables. It will be 14,800 square feet.

Maryland Live! is the state's largest casino.

Rocky Gap Casino Opens

May 23, 2013
Rocky Gap Casino Website

FLINTSTONE, Md. (AP) - The newly christened Rocky Gap Casino Resort is opening its doors to the public in western Maryland.

The casino opened its doors Wednesday after winning approval from state gambling regulators. It is Maryland's fourth casino and will add 250 jobs to the resort formerly known as the Rocky Gap Lodge and Golf Resort.

The new casino features more than 550 slot machines and 10 table games. The resort also is unveiling a renovated lobby, hotel rooms and restaurants, and it features an 18-hole golf course.

Revenue Projectiosn, freedigitalphotos.net

NEW CASTLE, Del. (AP) — The panel that sets Delaware's official revenue projections is meeting to update its financial forecast. Monday's meeting of the Delaware Economic and Financial Advisory Council is the first since lawmakers passed a budget for the fiscal year that started July 1.<?xml:namespace prefix = o />

Gambling Revenue, googleroulette.com

BALTIMORE (AP) - The Maryland Lottery says the state's three casinos brought in $44.6 million in August, down from $48 million in July.

More than 73 percent of the revenues were generated by the state's newest and largest casino, Maryland Live. July was the first full month that casino was open. Maryland Live brought in $32.9 million in August and has generated nearly $68 million since it opened.

Excluding Maryland Live, revenues from the other two casinos were down 7 percent from August 2011.

illustrationof.com

ANNAPOLIS, Md. (AP) — The Maryland General Assembly has passed a measure to allow a new casino in Prince George's County as well as table games such as poker and roulette at gambling complexes.

After the House of Delegates passed the bill 71-58 late Tuesday night, the Senate concurred early Wednesday by a vote of 32-14. The vote send the measure to Democratic Gov. Martin O'Malley. Voters would need to approve any gambling expansion in November.

Pages