creative commons

ANNAPOLIS, Md. (AP) - Maryland lawmakers want to change the state constitution to require money raised by the state's casinos for education to enhance schools funding above the amount set by state formulas.

House Speaker Michael Busch and Senate President Thomas V. Mike Miller announced plans for legislation Tuesday. They were joined by educators from the Maryland State Education Association and dozens of Democrats, who control the General Assembly.

creative commons

BALTIMORE (AP) - State gaming officials say the opening of MGM National Harbor helped Maryland's six casinos bring in record revenue.

Maryland Lottery and Gaming said in a news release Thursday that MGM in Prince George's County generated nearly $42 million from slot machines and table games. The casino opened on Dec. 8.

Officials say that amount and the revenue the other five casinos generated in December brings the total to more than $133 million. The previous revenue record of more than $104 million was set in May 2016.

Dover Downs Casino Website

The parent company of the Dover Downs Hotel and Casino had a net earnings of $520-thousand during the last quarter or 2 cents per diluted share.

The Wilmington News Journal reports that this was a significant decline from this time last year when it recorded a figure of $826-thousand.

The three casinos in Delaware have been pushing for permanent tax relief from the state which takes 43 percent of the slot machine revenue.

The casinos argue that they need the break to continue to be profitable.

Dover Downs website

The numbers are out for Maryland casino revenue.

As of last month the combined state wide total was $103.8 million dollars.

That’s up five percent from last year in July.

The biggest winner was Maryland Live Casino which raked in over $60 million in revenue while the Horseshoe Casino in Baltimore produced revenue of nearly $25 million.

Hollywood Casino Perryville generated $6.7 million with Ocean Downs earning around $6.5 million.

Ocean Downs is being bought by Churchill Downs Inc. and Saratoga Casino Holdings LLC.

Don Rush

BERLIN, Md. (AP) - A Kentucky racing company and a New York casino firm will buy the Ocean Downs casino and racetrack.

Churchill Downs Inc. and Saratoga Casino Holdings LLC announced Tuesday that they formed a joint venture to buy Ocean Downs

Ocean Downs, a 67-year-old facility, takes up 168 acres of land in Berlin on the Eastern Shore. It has 800 video lottery terminals and electronic game tables, and has harness racing. It employs about 235 workers.

Maryland Live Casino,

HANOVER, Md. (AP) - The Cordish Cos. plans to break ground this fall on a hotel next to its Maryland Live! Casino.

Media outlets report that the real estate developer announced the construction schedule on Monday for the $200 million hotel. The 17-story building will be about 350,000 square feet. The company hopes to complete the building by the end of 2017.

Rob Norton, president of Cordish Global Gaming Group, says adding a resort hotel to the casino at Arundel Mills will make the state's largest casino more of a destination.

Don Rush

BALTIMORE (AP) - Maryland casino revenue was $103.9 million in April, a new monthly high.

The Maryland Lottery and Gaming Control Agency reported Thursday that last month's revenue beat the previous high of about $99 million in July of 2015.

Of last month's revenue, about $36 million goes to the state's Education Trust Fund. About $5 million goes to support the state's horse racing industry, and about $3.5 million goes to local impact grants. Another $950,00 goes to support small- and minority-owned businesses

Dover Downs Casino

Dover Downs is losing money despite bringing in a bit more revenue for the first quarter of the year than in 2015.

Dover Downs Hotel and Casino said it experienced a loss of 239-thousand.

That’s better than the $352-thousand loss a year ago.

The Wilmington News Journal reports that the company said it does not expect there to be any immediate layoffs.

But it reports that the CEO Denis McGlynn said that future layoff could be in offing if the state legislature does not act to help out.

Don Rush

Pickets showed up at Ocean Downs last night as employees demanded higher pay.

Unite Here Local 7 noted that ever since the casino opened five years ago revenues have been going up.

The union pointed out that since last February the casino saw a 17 percent increase.

Joe Cavilla, general manager at Ocean Downs, told WBOC in a statement the casino has competitive salaries and raises.

He notes that the casino has 85 employees year round even though revenues drop by 42 percent during the off season.

Dover Downs Casino Website

Dover Downs raked in a profit last year earning
$763-thousand in the last three months of 2015.

Much of it was due to the late NASCAR race and cutting costs by 3 percent or $5.3 million.

The Wilmington News Journal reports that at the end of 2014 the company registered a loss of $516-thousand.

Total revenue for the fourth quarter was $46.1 million – an increase of 8.7 percent.

2015 was also the first year that the casino made an annual profit since 2013.