Thursday, May 16, 2013
Three companies submitted their bids Friday.
The Prince George's County commission tasked to determine which location would be best for a new casino will have to weigh three options after three companies placed bids for three different locations. County Executive Rushern L. Baker III recently told a Washington Business Journal reporter that he preferred MGM's plan at The National Harbor located in Oxon Hill on the Potomac. However, two other bidders—Greenwood Racing, Inc. and Penn National—have also pitched two other locations. Penn National would want their casino as the Rosecroft Raceway in Fort Washington, while Greenwood Racing, Inc. picked an abandoned lot in Fort Washington. So what do you think? Take our poll below and tell us in the comments why you prefer one location over …
Monday, May 13, 2013
Penn National Gaming and Greenwood Racing will compete against MGM Resorts to operate Maryland's sixth casino.
Three companies have submitted bids to operate Maryland's sixth casino slated to be in Prince George's County, according to reports. After spending nearly $40 million in ads supporting a sixth casino in Maryland, it was not a surprise that MGM Reports proposed an $800 million project at National Harbor Thursday, The Washington Post reported Friday. Penn National Gaming proposed a $700 million Hollywood Casino Resort at Rosecroft Raceway in Fort Washington, the Post reported, after spending almost $40 million in an anti-casino ad campaign run by a special interest group. The third bid came as a surprise, from the owner of Greenwood Racing, which owns a Pennsylvania casino formerly called Philadelphia Park Racetrack and Casino. That company…
Tuesday, February 5, 2013
Maryland Live! saw revenue decline slightly despite the first full month of 24-hour gambling.
Revenue at the Maryland Live! casino was essentially flat between December and January, despite the first full month of 24-hour operations. The casino pulled in $35,943,756.19 in January, a decline of just under $100,000 from December. Casino revenue across the state dropped by about $900,000, as the state’s three casinos brought in $44.3 million combined. Maryland Live! is by far the largest casino with 4,750 machines. The Hollywood Casino in Perryville pulled in $5,455,111 in January, down from $5,956,140 in December. The Casino at Oceans Downs collected $2,928,919.55, down from $3,335,925.98 Casino revenue generated $14.6 million for operators with the rest going to the state’s Education Trust Fund, local impact grants, and the horse …
Tuesday, January 8, 2013
All casinos in the state saw increases in revenue in the final month of the year, though revenue from Hollywood Casino and Ocean Downs was lower than in 2011. Maryland Live! pulled in $229 million in 2012.
The Maryland Live! casino pulled in $229 million in revenue in 2012, comprising more than 60 percent of all gambling revenue statewide, despite opening in June. The Maryland Lottery reported that the casino at Arundel Mills finished the year with $35 million in revenue in December, up from $34 million the month prior. Across the state, Maryland's three casinos pulled in $45.2 million in the last month of 2012, up nearly 5 percent from November. However, December revenue from Ocean Downs and Hollywood Casino was $3.19 million, 25 percent less than in 2011, when Maryland Live! was not yet open. Maryland Live! is the largest of the three casinos, with 4,750 game terminals. Its per-terminal revenue of $244 in December was nearly double that …
Thursday, December 6, 2012
Three Maryland casinos hauled in a combined total of $43 million last month.
With another casino on its way in Maryland, possibly in Prince George's, a new report shows that gambling revenue is down. Although the three Maryland casinos—Hollywood Casino Perryville, Maryland Live Casino and The Casino at Ocean Downs—brought in a revenue of $43 million last month, the gaming revenue is still down 28.5 percent—or $3.478 million—from last year. This number doesn't factor in Maryland Live, since it opened earlier this year. Hollywood Casino Perryville generated more than $5 million in November, while Maryland's three casinos combined to generate $43 million. Still, the Cecil County facility continues to see a major dip in revenue over last year. Hollywood Casino saw a 40.5 percent decrease in money earned compared with …
Tuesday, December 4, 2012
Almost 90 percent of Marylanders have gambled in their lifetime with 22 percent gambling monthly, CNS Maryland's Kelsey Pospisil reports.
TELL US: Do you think gambling addiction will grow in the state of Maryland if a new casino opens in Prince George's County? Join the discussion in our comments.
Monday, November 12, 2012
Mayland voters narrowly approved Question 7 last week, but not before a lot of money was spent.
Groups with a stake in Maryland's referendum on expanded gambling spent more than $35 a vote during the 2012 campaign, according to an analysis by WTOP. Unofficial results from the Maryland Board of Elections show that 2,479,262 people cast a vote on Question 7, which asked residents whether they favored the introduction of table games to the state and the addition of a sixth casino in Prince George's County. The measure narrowly passed by a margin of 51.9 percent to 48.1 percent. But before the matter was decided, opponents and supporters undertook enormous advertising efforts to sway voters. Casino operators that stood to benefit—including MGM Resorts International, CBAC Gaming LLC, and The Peterson Companies—were pitted against casinos …
Monday, November 5, 2012
Prince George's County Executive Rushern L. Baker III and Maryland Comptroller Peter Franchot face off on Question 7 before voters decide the gambling question Tuesday.
Maryland's Question 7 is one of the most controversial ballot initiatives facing voters when they head to the polls Tuesday, and it hits close to home in the Washington, DC, area. A top proponent and a leading opponent of Maryland's gambling provision argue their positions in Patch's Local Voices section. Prince George's County Executive Rushern L. Baker III is in favor of gambling expansion, while Maryland Comptroller Peter Franchot is in opposition. "Arguments for the facility echo the ones I have made: that it will create jobs, generate revenue, and establish a destination with world class amenities that serves both residents and tourists," Baker wrote. "The “staggering hypocrisy” of casino owners funding an anti-casino referendum was …
A look at what's at stake—and how the battle is being waged.
Note: This article was originally published on Oct. 25 but is being featured again ahead of Tuesday's election. WHAT IT'S ABOUT Question 7 asks voters whether they favor a plan to expand gambling in Maryland that would: The ballot question is a result of legislation passed by the Maryland General Assembly during its 2012 special session (view the House and Senate roll calls) and signed by Gov. Martin O'Malley. Several other portions of the law are not subject to a referendum. Slot machines have been permitted in the state since voters approved a gaming referendum (59 percent to 41 percent) in November 2008. Passage of Question 7 would mark a significant shift, however, bringing Maryland's casinos closer in line with those of Atlantic City …
Friday, November 2, 2012
By Clara Vaughn, Capital News Service
Friday, November 2, 2012
Potomac Gourmet Market sits just a block away from MGM Resorts International's new visitor center at National Harbor. It is one of dozens of local businesses that may be affected by the outcome of Question 7, the Maryland ballot item that could decide whether MGM will be allowed to build a casino at the Prince George's County site. The visitor center opened in September as part of MGM’s campaign to win approval for a destination casino. Potomac Gourmet Market Manager Leonard Knight is confident the addition of a casino to National Harbor would bring business to his store. "There's a lot of people who don't come to National Harbor because there's not a destination," Knight said. With the addition of a casino, "they'll come from Virginia, …