Tag: video lottery terminals
‘Casino’ Turner still not hot for special session
The delegate who chairs the House’s gambling subcommittee still doesn’t think there will be a special legislative session this summer to expand gaming in Maryland. And if there is one, the only topic should be permitting table games at the existing slots casinos, not adding a sixth casino at National Harbor in Prince George’s County, Del. Frank Turner told MarylandReporter.com Sunday.
Read MoreBaltimore lawmakers’ concerns complicate gambling compromise
Any compromise on a 6th slots casino at National Harbor in Prince George’s County is complicated by strong regional interests of those jurisdictions like Baltimore City that already are supposed to have one of five casinos.
Read MoreCommittee scrutinizes gambling expansion that would benefit casinos
The House Ways and Means Committee on Tuesday scrutinized a plan for a referendum that could bring table games and a sixth licensed casino to Maryland. Key leaders expressed doubts about the financial sweeteners for casino operators in the bill which passed the Senate March 23.
Read MoreDelegates betting on expanded gambling for more state revenues
With a bleak economy, no new revenues coming in, and a reluctance to raise taxes, legislators are wagering that new gambling bills will help the state find more money. The House Ways and Means Committee spent all Tuesday afternoon listening to nine proposals to expand or modify gambling in the state, including allowing table games at slots casinos and permitting slots in every bar, tavern and veterans hall.
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Maryland uses creative financing to buy $41M in slot machines
The state of Maryland is on its way to becoming the proud owner of $41.5 million worth of video slot machines for the Ocean Downs and Perryville slots casinos through the sale last week of taxable certificate of participation bonds.
The bonds sold quickly last week at a coupon rate of 5%, raising the funds the state needs to purchase 1,825 of the slots at the two casinos, said Patti Konrad, director of debt management in the State Treasurer’s Office, and Deputy Treasurer for External Affairs Howard Freedlander.
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