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.

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Delegates 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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