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    « Bangor Maine Debates New Slot Machine Installation
    Ohio Governor Wants to Postpone Tax Reduction »

    Cecil County Get Approval for Slots Casino

    A 1,500 slot machine casino facility in Cecil County has received the approval of a state committee and could open to the public within a year. But state slot machine decision makers expressed their frustration and impatience with two other planned slots facilities in Baltimore and Anne Arundel County, demanding immediate action within two months. Penn Cecil Maryland Incorporated, a gaming venture led by Penn National Gaming Incorporated, is constructing a $78 million slots facility in Perryville. It is estimated to employ 320 individuals and produce $170 million in total revenue by 2015. The slots parlor is the second one to receive approval in Maryland.

    The Maryland Video Lottery Terminal Location Commission awarded Ocean Downs racetrack approval to bring 600 additional slot machines in. Proposals for slots in other areas, Baltimore and the Arundel Mills Mall are still awaiting the go. Baltimore City Entertainment Group has proposed a 3,750 slot machine parlor near the Mandt Bank Stadium, however it still needs state approval. The original proposal called for 500 slot machines to be delivered, but a more aggressive plan is now underway.

    Commission chairman Donald D. Fry, also CEO of the Greater Baltimore committee, requested that local governments work on the slots proposal prior to December 17th of this year. That is the date of the next board meeting.

    The commission stopped short of releasing an ultimatum but said that it may write an official letter to announce its determination. The Baltimore Board of Estimates also approved a land lease for a slots facility near Mandt Bank stadium. Overall everyone in the industry knows how lucrative slot machine parlors are and they are all trying to bring in as much tax revenue dollars as possible. In today’s economy finding additional revenue is one of the most important priorities on everyone’s agenda. Despite challenges, the industry knows that slot machines pay off. Las Vegas recently reported that about 60% of its revenues come from the slots floor. With the huge variety of slots, casino managers can easily keep the games fresh and new for gamblers to enjoy. Cecil County, Penn National and Anne Arundel County are all hoping to capitalize on the slots market and bring huge funds into their economies.

    Tags: Anne Arundel, Cecil, Mandt, racino

    This entry was posted on Saturday, December 5th, 2009 at 10:46 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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