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Local News
10:39 am
Mon November 24, 2014

Dover Downs Experiencing Troubled Waters

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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
8:03 am
Fri October 31, 2014

Delaware Casinos Seek Revenue Adjustment

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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.

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Local News
8:01 am
Tue October 7, 2014

Some Casino Revenue Numbers Decline in Maryland

Credit 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.

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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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News
12:02 pm
Mon July 15, 2013

First OC Business To Get Check from Slots Revenue

Credit The Kite Loft logo

The Kite Loft became the first Ocean City business to get money from the slot revenue to finance expansion of the business.

The sum of $64-thousand came from the state’s Video Lottery Terminal Small Business Loan program.

And, the owner, Jay Knerr accepted the oversized novelty check outside his new story at 67th Street Town Center retail plaza.

With the low interest rate he told the Salisbury Daily Times that the loan fit his needs nicely.

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News
9:58 am
Wed June 19, 2013

Slots for Fraternal and Veterans Groups in Delaware

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DOVER, Del. (AP) - A state House committee is eyeing a bill that allows veterans groups and fraternal organizations to operate slot machines, as long as they give a share of the proceeds to the state.

The bill being considered by the House gaming committee Wednesday cleared the Senate last week, but only after lawmakers added a controversial amendment expanding its scope to include local fraternal societies, not just groups with national affiliations.

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News
9:45 am
Wed June 12, 2013

Delaware Senate Approves Slots Bill for Charities

Liberty Bell slot machine
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DOVER, Del. (AP/WSCL) - The state Senate has approved a bill allowing veterans groups and fraternal organizations to operate slot machines.

The Senate voted 15-to-2 for the bill Tuesday after adding an amendment expanding the authorized gambling to include local fraternal societies not affiliated with national groups like the Elks or Moose.

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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

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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
8:27 am
Thu March 14, 2013

Call to Open Slots to Charitable Groups in Delaware

Credit shari weinsheimer

DOVER, Del. (AP) - Critics of a bill allowing fraternal organizations and veterans groups to operate slot machines say the legislation should be expanded to include other charitable organizations and private clubs.

The House gaming committee held a hearing Wednesday on the bill, which the Markell administration developed after telling veterans groups and fraternal organizations last year to stop operating illegal slot machines. After the groups complained, lawmakers in January fast-tracked a bill allowing them to temporarily resume slot machine gambling.

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News
9:02 am
Thu January 24, 2013

Temporary Stay for Fraternal Groups on Slots


DOVER, Del. (AP) - The state House has approved a bill fast-tracked by the Markell administration bowing to complaints from fraternal organization and veterans groups who were told to stop operating illegal slot machines.


The bill approved Wednesday on a 34-to-1 vote allows the groups to resume slot machine gambling until June 30 while lawmakers work on a permanent measure allowing the groups to offer legal gambling.

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News
8:58 am
Wed January 23, 2013

Gambling Gets Attention in Delaware Legislature

Slots


Delaware lawmakers are considering a measure that would allow fraternal organizations to keep their video lottery machines in play – at least temporarily.


There will be a limit of 20 video lottery machines that pay out to a limit of 75-percent of each dollar put in.


The rest will go to the state like machines at the casinos.


The legislation comes in the wake of a crackdown on slot machine operations at various veterans’ clubs last fall by law enforcement authorities.

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News
12:14 pm
Thu September 13, 2012

Maryland Live! Casino Completes Slots Parlor

Maryland Live Casino, marylandlivecasino.com

HANOVER, Md. (AP) - Operators of the Maryland Live! Casino in Hanover are marking the completion of their slots parlor.


The Cordish Companies held a party at the venue Wednesday to celebrate the addition of more than 1,000 slot machines. The total of 4,750 machines makes it the nation's third-largest commercial casino.


David Cordish declined to comment on a November ballot question that would allow for the addition of table games at Maryland casinos.  The measure also would create a license for a casino in Prince George's County.

News
12:17 pm
Tue September 11, 2012

Rocky Gap Resort Plans for Slots Next Year

Rocky Gap Resort, rockygapresort.com

CUMBERLAND, Md. (AP) - The new owner of the Rocky Gap Lodge & Golf Resort near Cumberland says the resort plans to start operating slot machines late next summer or early next fall.


The Cumberland Times-News reported Tuesday on a Securities and Exchange Commission filing by Lakes Entertainment Inc. of Minnetonka, Minn.


The company owns Evitts Resort LLC, which recently acquired the 215-room hotel complex and a state casino license for the property.

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News
8:52 am
Wed June 13, 2012

Casino Revenues up at Ocean Downs

Revenue is up for the Casino at Ocean Downs.

For the month of May it rose 21 percent over a year ago.
The Maryland Lottery reports that combined revenue from slots statewide totaled $14.5 million.

That’s an increase of $1.2 million from a year ago -- or 9.5 percent.

Ocean Downs took in $4.4 million in May.

Stephen Martino, director of the Maryland Lottery, told the Salisbury Daily Times that it is not clear why there has been an increase and suggested that it may lie with marketing efforts at the casinos.

News
8:47 am
Wed June 13, 2012

Bill to Legalize On-Line Gambling in Delaware Inches Forward

lDOVER, Del. (AP) - The state House has approved a bill authorizing online betting in Delaware and more venues for sports wagering and other gambling.

In addition to online slots and table games, the proposal by Gov. Jack Markell expands keno beyond Delaware's three existing casinos to at least 100 sites.

The bill, which was approved 29-to-8 Tuesday, also authorizes betting on NFL games in at least 20 more sites other than the casinos.

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News
8:44 am
Wed June 6, 2012

New Casino Opens in Maryland

HANOVER, Md. (AP) - Maryland's largest casino is opening to the public.

Maryland Live! will open Wednesday night next to the Arundel Mills Mall in Hanover.

The Maryland State Highway Administration is advising drivers to expect a high volume of traffic along Maryland Route 100 and Route 295 through this weekend because of the opening.

The casino will have about 3,200 slot machines on opening night.

Another 1,550 slot machines are set to be added in a second phase between July and October.

The casino also has five restaurants that are set to open.

News
9:23 am
Tue March 27, 2012

Table Games Headed for Passage in Annapolis

 

     ANNAPOLIS, Md. (AP) - The state Senate has given preliminary approval to a bill to expand Maryland gambling to include table games like blackjack and roulette.

     The chamber passed the measure to its final voting stage Monday night after shooting down amendments that attempted to strip profit enhancements for casino owners and limit how many licenses a slots parlor operator can have.

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News
12:33 pm
Fri March 16, 2012

Maryland Pays a High Price for Slot Machines

 

       ANNAPOLIS, Md. (AP) - Maryland is paying more than double for each slot machine that officials acquired to fill the state's first three casinos.

     An analysis by The Washington Post found the state is paying about $10,000 per machine per year. At the current rate, the paper says the state could spend $50 million a year more than projected by the time all five privately owned casinos are open.

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