casinos

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ANNAPOLIS, Md. (AP) - Two Maryland casinos will keep a higher share of slot machine revenue when MGM National Harbor opens this week.

State lawmakers approved the added shares several years ago to help the two casinos make up for lost business after MGM opens.

Maryland Live! in Anne Arundel County will increase its share from 41 percent to 49 percent. Horseshoe Baltimore's share will rise from 39 percent to 46 percent. Those two casinos are the closest ones to MGM, which is in Prince George's County.

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BALTIMORE (AP) - Maryland officials say the state's casinos raked in a monthly record of $104.3 million in May.

Maryland Lottery and Gaming says the total surpassed the $103.9 million record established a month earlier. The May figure was $8 million higher than the same month a year ago.

The first of Maryland's five casinos opened in September 2010. Revenue from the casinos supports the Maryland Education Trust Fund, local impact grants, the horse racing industry, and small-, minority- and women-owned businesses.

Dover Downs website

DOVER, Del. (AP) - Dover Downs Hotel and Casino says it eliminated 48 jobs over the last three months - twice the number the company had planned to make.

The News Journal of Wilmington reports that CEO Denis McGlynn announced the cuts Thursday during Dover Downs Gaming and Entertainment's earnings release.

McGlynn says the additional 24 job cuts resulted from a decline in business stemming from the casino's recent decision to close table game operations during early weekday mornings.

dover downs website

It’s called iGaming.

But in Delaware internet gambling has not brought in as much money as has been hoped by the three casinos.

Ed Sutor, the CEO of Dover Downs, told WBOC that the combined revenue has been averaging $150-thousand a month after a record high of $241-thousand in April of last year.

Sutor says there are a number of problems including a lack of content and that the gaming is still not available on devices such as tablets and smart phones.

Dover Downs Casino Website

DOVER, Del. (AP) - Delaware's first fiscal year of online gambling has fallen well short of its target of $5 million in revenue.

The Wilmington News Journal reports the venture brought in little cash for the state and none for Delaware's casinos.

Since the nation's first online gaming platform with video lottery and table games rolled out in November, online gambling has brought in $1.2 million. The state's return after startup and vendor fees came to $318,000.

Don Rush

DOVER, Del. (AP) - Senate lawmakers have approved a $10 million financial bailout for Delaware's three gambling casinos.

The Senate voted 14-5 Wednesday on legislation to help the casinos, which say they are struggling with increased competition from neighboring states and have to share too much of their gambling revenue with the state.

The bill, which now goes to the House, calls for the state to help pay vendor costs for slot machines that currently come out of the casinos' share of gambling revenue.

Don Rush

Delaware Casinos are expected to get $9.9 million a year in assistance in an amendment in the state Senate.

The offer came up a day after closed door meetings this week and will be offered up for a vote in the Senate on Tuesday.

It comes after $8 million was provided this year.

State Senator Brian Bushweller, sponsor of the amendment, told the Wilmington News Journal that the limited help would not necessarily guarantee a solution to the casinos’ financial problems.

Don Rush

ANNAPOLIS, Md. (AP) - A Maryland audit on minority business participation at casinos has found that data is incomplete.

The audit by the state's Office of Legislative Audits released Tuesday found data provided by licensees was accurate and published by the Maryland Lottery and Gaming Control Commission in 2012.

But the audit says construction expenditure data for two licensees for all of calendar year 2012 was not included. The audit says that's because the Governor's Office of Minority Affairs did not obtain comprehensive data from the licensees.

Don Rush

DOVER, Del. (AP) - Delaware lawmakers are poised to introduce proposed revisions to gambling laws that could cost the state more than $20 million a year.

Finance secretary Tom Cook told an industry panel Tuesday that a bill revising how Delaware's three casinos share gambling revenue with the state will be introduced this week.

The legislation is based on recommendations from a study commission led by Cook that discussed how to help Delaware's casinos as they struggle with competition from neighboring states.

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WASHINGTON (AP) - Lawmakers from both parties are introducing legislation in Congress that would ban online gambling. The unveiling of the bills sets the stage for an uncertain battle in Congress.

The measures are aimed at reversing a 2011 decision by Attorney General Eric Holder that a 1961 law used in recent years to curb Internet gambling only barred sports betting. The bills introduced Wednesday would broaden the prohibition to where it stood before Holder's ruling.

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