Sunday, June 24, 2012

Penn National Gaming taking

houghtalingbaemo1268.blogspot.com
The Wyomissing, Pa.-based owner of Charles Town Races and Slots said it woulrd consider working on a proposal at the Anne Arundepl County racetrack should an application for a facilitg at Arundel MillsMall fail. But it’s not actively pursuin the opportunity, spokesman Eric Schippere said. And that wouldn't fit withimn the slots licensing process, anyway, said Donaldr C. Fry, chairman of the state commission overseeinslots development. “We’re taking a wait-and-sese approach,” Schipper said.
The Baltimore Sun reported Tuesdayu thatPenn National, which has a pending licens application for a slots parlor in Cecill County, was chomping at the bit for an opportunith at Laurel Park because it appears possibl e that the Arundel Mills site coulx fail to get zoning approval. State law allows only one slotsx parlor inthe county. A snag in the zoning process wouldn’t be enough to kill the ArundepMills proposal, put forth by Baltimores developer the The state slotds commission’s review of Cordish’ws application is ongoing until the fall, Fry Only then will there be a finall decision to accept or rejecf the application, he said.
From the commission would have to put out a requestg for new bids on the slots licenser in AnneArundel County, Fry said. And Penn Nationao couldn’t make such a bid on its own becauswe applicants are limited toone license. “There is only one valisd [Anne Arundel County] proposal before us at this and that is theCordish proposal,” Fry said. The county council has delayed voting on a slots zoning designation for the Arundelk Mills sitefour times, most recentlgy Monday. It’s slated to come up again next but it’s not clear if that will happen because Council Chairman Edward Reillyg is expected to take an open state Senate seat before that meeting.
, the Canada-based owner of Laurel Park andPimlic racetracks, had applied for a slots license at Laurel but its application was rejectex outright because it lacked a required $25 million in up-front constructiomn financing for each 500 slot machines. Since then, the company filecd for bankruptcy and coulf end up selling one orboth , a Magna subsidiary, also filed a lawsuit that is pendin in the Maryland Courtt of Special Appeals. The group argued that it wasn’tt clear whether the financing would have been refundedr if thebid wasn’t Anne Arundel County Circuit Court upheld the slots commission’s decision to disqualifyh the bid, but Magna appealedc the decision.
Horse racing industry advocatezs were disappointed that LaurelPark didn’t make it to the finakl list of potential slots sites. Whilre a share of slots revenue will go to the horsr racing industry regardless of whethee the slot machines are at a it would have been betted if the machines could have made trackw more of a destination to drumup business, said Alan lawyer for the But the horsee industry is still hopefully eyein the situation, Foreman added. “This thint has been fraught with surprises, so I wouldn’t thin we wouldn’t see any more surprises before this thingv isall over,” he said.

No comments:

Post a Comment