gambling

Local News
10:39 am
Mon November 24, 2014

Dover Downs Experiencing Troubled Waters

Credit 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.

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Local News
7:30 am
Fri September 12, 2014

Panel Ponders Delaware Gambling Future

Credit 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.

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Local News
7:57 am
Thu September 11, 2014

Panel Meets on Delaware Casino Financial Troubles

Credit 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.

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Local News
8:21 am
Thu August 28, 2014

Baltimore Casino, A Sign of the Times

Horseshoe Casino
Credit 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.

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Local News
7:46 am
Tue August 26, 2014

Baltimore Casino Set to Open

Credit 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.

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Local News
9:43 am
Fri June 27, 2014

Baltimore's Horseshoe Casino to Open in August

Artist's rendering of Horseshoe Casino
Credit 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.

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Local News
8:21 am
Thu June 26, 2014

Delaware Senate Approves $10 Million Casino Bailout Bill

Credit 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.

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Local News
7:51 am
Wed April 30, 2014

Delaware Could Pick Up the Tab to Boost Casinos

Credit 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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Local News
8:28 am
Fri January 31, 2014

Saving the Delaware Casino Industry

Credit Don Rush

DOVER, Del. (AP) - Members of a panel examining how to keep Delaware's gambling industry competitive say they need more time to submit a report to lawmakers.

The commission was to submit its findings and recommendations on Friday.

But state finance secretary Tom Cook, the panel chairman, disclosed Thursday that members now expect to complete their work by Feb. 28.

A key issue for the panel is how much of a hit the state general fund should take in order to give a financial break to Delaware's three casinos.

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Local News
8:28 am
Tue January 7, 2014

Delaware Panel Examines Revenue Sharing Formula With Casinos

Credit Don Rush

DOVER, Del. (AP) - A panel examining how to keep Delaware's gambling industry competitive has yet to decide on recommendations for state lawmakers to consider.

The lottery and gaming study commission, which faces a Jan. 31 deadline to submit its report, met Monday to review several options, but members could not agree on any of them.

Several commission members noted that they are still awaiting a report from the accounting firm KPMG on the current status of Delaware's gambling industry.

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Local News
8:15 am
Wed December 4, 2013

Delaware Considers Casino Expansion

Credit Don Rush

DOVER, Del. (AP) - Members of a state panel looking at Delaware's gambling industry amid increasing competition from neighboring states is reviewing a report on the feasibility of allowing more casinos in Delaware.

Lawmakers established the lottery and gaming commission earlier this year to examine the competitive marketplace facing Delaware's gambling industry. The panel, which meets Wednesday at Legislative Hall, is facing a Jan. 31 deadline for reporting its findings and recommendations to the governor and General Assembly.

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Local News
12:37 pm
Fri October 11, 2013

Three Casinos Bid for Gambling Facility near Washington D.C.

Credit Don Rush

BALTIMORE (AP) - A Maryland panel has found that three applicants are suitable to pursue a license to open a casino near the nation's capital.

The Maryland Lottery and Gaming Control Commission unanimously made the decision on Thursday.

The applicants are Prince George's Racing Ventures, LLC, a subsidiary of Penn National; Maryland Casino, LLC, a subsidiary of Greenwood Racing, and MGM National Harbor, LLC, a subsidiary of MGM.

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News
9:13 am
Mon September 16, 2013

Maryland Gambling Revenue Could Top Out Soon

Credit Don Rush

Maryland gambling revenues may be hitting a ceiling soon with total take at $71 million in gross revenue in August.

Mark Nichols, an economics professor who specializes in the gambling industry at the University of Nevada in Reno says, don’t expect that expansion to continue.

There will be more competition in the next three years from the state’s two new casinos in Baltimore and Prince George’s county over the next three years.

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News
9:13 am
Wed July 10, 2013

Delaware Casino Owners Warn of Tough Times Ahead

Credit Don Rush

DOVER, Del. (AP) - Representatives of state's gambling industry say times remain tough as Delaware's casinos cope with competition in neighboring states.

Representatives of Delaware's three casinos gathered with state lottery officials and industry suppliers on Tuesday at a meeting of the state Video Lottery Advisory Council.

Dover Downs CEO Ed Sutor said his company has seen a sharp drop in table game business and that Delaware casinos will be paying higher fees to suppliers of slot machines under new contracts that are still being negotiated.

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News
8:36 am
Tue July 9, 2013

Gambling Advisory Council Mulls Competition from Neighboring States

Credit Don Rush

DOVER, Del. (AP) - Representatives of Delaware's casino industry are gathering to discuss the state of Delaware's gambling industry.

The state Video Lottery Advisory Council was to meet Tuesday at Dover Downs.

The agenda includes a review of the competitive situation with Maryland and Pennsylvania, Delaware lottery initiatives, and manufacturers' new products.

State lawmakers recently approved a proposal by Gov. Jack Markell to extend an $8 million financial bailout for Delaware's three casinos to help cover anticipated increases in slot machine vendor costs.

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News
11:48 am
Mon May 13, 2013

Ocean Downs Casino: Open 24 Hours for the Summer

Credit Ocean Downs Casino Website

Gamblers could be spending some late nights at Ocean Downs.

The Casino says it will be open 24 hours a day in coming summer months beginning Friday and running through September 30th.

Maryland voters approved the operating hours as part of last year’s referendum.

And the Gaming Control Commission approved the Worcester County casino’s application to offer slots around the clock.

However, liquor sales will stop at 4 am for four hours.

 

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News
12:02 pm
Fri April 26, 2013

Rockey Gap Could See Gambling

Credit fotosearch.com

BALTIMORE (AP) - Maryland casino regulators may allow gambling at the Rocky Gap Lodge & Golf Resort in western Maryland to begin May 22.

The Daily Record of Baltimore reports that the Maryland State Lottery and Gaming Control Commission is considering an operations license for resort owner Evitts Resort LLC at its meeting Friday in Baltimore. Evitts is a subsidiary of Minnetonka, Minn.-based Lakes Entertainment Inc.

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News
9:09 am
Thu November 29, 2012

Almost $100 Million Spent on MD Gambling Campaign

Credit gambling, peter griffin

ANNAPOLIS, Md. (AP) - Campaign finance reports show more than $93 million was raised in the campaign to expand gambling in Maryland, a record amount.


The Washington Post reported Wednesday that campaign finance records show a handful of Washington's biggest media buying firms and Maryland political consultants benefited handsomely from the fight over the ballot question to allow table games like blackjack and a casino in Prince orge's County.


The reports show about $90.5 million was spent. Nearly $3 million went unspent.

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News
12:19 pm
Thu September 20, 2012

Grant for Maryland Center to Help Problem Gamblers

Problem Gamblers
Problem gamblers, fotosearch.com

ANNAPOLIS, Md. (AP) - The University of Maryland School of Medicine says it has received a $5 million grant from the state to create a problem gambling center.


The university made the announcement Thursday. The center is being called a first of its kind in the state. A telephone helpline service to refer problem gamblers to treatment and a public awareness campaign are planned by the new center. Two annual statewide conferences, eight regional conferences and webinars to create a statewide network of health providers to help problem gamblers are also planned.

News
10:32 am
Wed September 19, 2012

Gambling Expansion Takes Center Stage On Delmarva

Gambling, freedigitalphotos.com

MARYLAND


ANNAPOLIS, Md. (AP) - MGM Resorts International has spent about $8.4 million for advertising to support an expansion of gambling.


The Las Vegas company's latest report released Tuesday is about $3 million more than its last report released four days ago. MGM is hoping voters will approve an additional casino site in Prince George's County, near the nation's capital.

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News
12:18 pm
Wed August 15, 2012

Governor O'Malley Signs Gambling Expansion Bill

Governor Martin O'Malley, Website

ANNAPOLIS, Md. (AP) - Gov. Martin O'Malley has signed a measure to allow table games like roulette at casinos and a gambling venue in Prince George's County.

The governor signed the bill Wednesday, hours after a special session ended after midnight.

The Democratic Governor says the second special session of the year has created a comprehensive solution to a number of issues that were affecting Maryland's gaming industry and its ability to compete with surrounding states.

News
9:38 am
Wed August 15, 2012

Gambling Expansion Bill Goes to MD Governor

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.

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News
12:21 pm
Mon August 13, 2012

MD House of Delegates Takes Up Gambling

google.com

ANNAPOLIS, Md. (AP) - The House of Delegates began working on a measure to expand gambling as a special session continues in Annapolis.

The House Ways and Means Committee is scheduled to work on the bill Monday afternoon.

The Senate passed the bill 28-14 on Friday, the second day of the special session Gov. Martin O'Malley has called to focus on resolving lingering gambling issues in the state.

The measure would allow table games like poker and a new casino site in Prince George's County. 

News
3:26 pm
Fri August 10, 2012

MD Senate Begins Debate on Gambling Expansion

freedigitalphotos.net

ANNAPOLIS, Md. (AP) - The Maryland Senate is debating amendments to a measure to permit table games like craps at Maryland casinos and to allow a casino in Prince George's County.

The Senate rejected an amendment sponsored by Sen. Nancy Jacobs that would have raised impact grants in Allegany, Cecil and Worcester counties from $200,000 to $400,000.

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News
11:41 am
Fri August 10, 2012

Gambling Expansion Out of Senate Committee in Annapolis

freevector.com

The Maryland Senate Budget and Taxation Committee approved expansion of gambling in the state yesterday on an 11 to 1 vote.

It came on the first day of a special legislative session in Annapolis to allow table games and a sixth casino in Prince George’s County.

The measure now goes to the full Senate.

Owners of the Maryland Live! Casino in Anne Arundel county testified against the measure…fearing that the sixth casino would damage their business.

Meanwhile, William Rickman, the owner of Ocean Downs casino on the Eastern Shore, supported the bill.

News
3:03 pm
Thu August 9, 2012

Maryland Senate Takes Up Gambling Bill

fotosearch.com

The Maryland State Senate took up legislation this afternoon that would expand gambling by adding table games and a sixth casino in Prince George’s County.

The measure is expected to be taken up by the Senate Budget and Taxation committee.

It will eventually go to the House of Delegates where it faces a much tougher road to passage.

A majority of the Lower shore’s delegates and senator favor legalizing table games and allowing Ocean downs to stay open 24 hour a day.

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News
9:45 am
Thu August 9, 2012

MD Special Session on Gambling Expansion Opens Today

fotosearch.com

ANNAPOLIS, Md. (AP) - Maryland lawmakers and casino owners are reviewing Gov. Martin O'Malley's 55-page measure to expand gambling on the eve of a special session.

O'Malley, for his part, said Wednesday the bill will increase state revenue and jobs. He also says he's "so sick of this issue" and wants to settle it. The Senate wil convene the special session Thursday.

The gambling proposals would allow table games like blackjack and a new casino site in Prince George's County that could open in 2016.

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News
9:40 am
Thu August 9, 2012

Delaware Officials Keep Eye On MD Gambling Expansion

fotosearch.com

As Maryland legislators begin the special session on proposals to expand gambling Delaware officials are keeping a close eye on the outcome.

Governor Jack Markell says that it’s clear the industry is becoming more competitive.

Markell has expanded gambling ranging from sports betting and table games to online gaming and Keno games at sites outside of the casinos. 

The license fees for the state’s casinos have also been slashed.

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News
9:10 am
Wed August 8, 2012

Gambling Expansion Details Released by MD Governor

Governor's Website

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.

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News
11:28 am
Wed August 1, 2012

Quick Maryland Senate Action on Gambling Expansion Expected Next Week

ANNAPOLIS, Md. (AP) - The president of the Maryland Senate is planning a quick start for next week's special session to expand gambling.

In a memo to senators, Thomas V. Mike Miller said the Senate will convene at 11:30 a.m. on Aug. 9. After a bill is officially introduced, the Senate will adjourn to allow a hearing in the Senate Budget and Taxation Committee, which will vote on the bill.

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