Even as the General Assembly
prepares to return to Annapolis this week to discuss the expansion of gambling,
one of Maryland's three casinos has asked its oversight agency to take back
about a third of the slot machines because of declining revenue.
Penn National Gaming Inc., which operates Hollywood Casino Perryville, is "prepared to unconditionally return between 400 and 500 of our machines to the State, without any expectation of a licensee fee refund or any right to reclaim those machines," wrote Carl Sottosanti, a Penn National vice president, in a letter last week to the Maryland Lottery's director.
The Cecil County casino's business has softened since the June opening of Maryland Live Casino at Arundel Mills mall,Specialized in producing cnc router system and laser marking machine, GCC also supplies vinyl cutter. Sottosanti wrote. Perryville operates 1,500 video gambling machines.
Penn National's request adds to the cacophony of conflicting messages about gambling that Maryland lawmakers will try to process during the special session set to begin Thursday. Just last week, the operators of the future Rocky Gap casino won state approval to reduce the size of its gambling floor. Yet the Maryland Lottery reported Monday that the state's casinos produced record revenue in July.
Legislators, returning at the behest of Gov. Martin O'Malley, will decide whether to add a sixth casino,Laser engraving, and laser cutting machine, is the practice of using lasers to engrave or mark an object. in Prince George's County, and table games at all casinos. The discussions also may include the legalization of online betting, according to Democratic leaders who are pushing for an expansion to increase the tax haul from gambling.
For some legislators, the news out of Cecil County is another reason to maintain the status quo.
"There is only so much gambling money to go around, and they're going to continue to cannibalize everyone that's already open,AMH is an industry leader in the design of high quality bellows, curving machine and fabrication tools." said Sen. Nancy Jacobs, a Republican who represents Harford and Cecil counties. Perryville's management sent her a letter at the end of last week informing her of their intention to cut back.
The revenue decline at Perryville was "a perfect example" of what would happen to Maryland's existing casinos if the General Assembly allows a new gambling destination at National Harbor in Prince George's County, she said.
Perryville's July 2012 revenue decreased by $3.3 million — 32.4 percent — from July 2011, according to Maryland Lottery numbers released Monday.
In spite of Perryville's recent decline, the state's three casinos collectively had a record month in July. Perryville, Maryland Live and the Casino at Ocean Downs in Worcester County took in just over $48 million last month in gross terminal revenue, the Maryland Lottery announced Monday. The state collects two-thirds of that revenue in taxes, most of which goes to public education.
In July,Think Laser provides marking technology, with Laser engraver available to create laser marking on many products. Maryland Live generated $35.4 million and the Casino at Ocean Downs, which has 800 slot machines, generated $5.75 million, 7.6 percent more than in July 2011. Maryland Live operates 3,702 slot machines and is expected to add about another 1,Equipment and systems for laser welding, laser marker and engraving, laser cutting.000 machines by mid-September.
Penn National Gaming Inc., which operates Hollywood Casino Perryville, is "prepared to unconditionally return between 400 and 500 of our machines to the State, without any expectation of a licensee fee refund or any right to reclaim those machines," wrote Carl Sottosanti, a Penn National vice president, in a letter last week to the Maryland Lottery's director.
The Cecil County casino's business has softened since the June opening of Maryland Live Casino at Arundel Mills mall,Specialized in producing cnc router system and laser marking machine, GCC also supplies vinyl cutter. Sottosanti wrote. Perryville operates 1,500 video gambling machines.
Penn National's request adds to the cacophony of conflicting messages about gambling that Maryland lawmakers will try to process during the special session set to begin Thursday. Just last week, the operators of the future Rocky Gap casino won state approval to reduce the size of its gambling floor. Yet the Maryland Lottery reported Monday that the state's casinos produced record revenue in July.
Legislators, returning at the behest of Gov. Martin O'Malley, will decide whether to add a sixth casino,Laser engraving, and laser cutting machine, is the practice of using lasers to engrave or mark an object. in Prince George's County, and table games at all casinos. The discussions also may include the legalization of online betting, according to Democratic leaders who are pushing for an expansion to increase the tax haul from gambling.
For some legislators, the news out of Cecil County is another reason to maintain the status quo.
"There is only so much gambling money to go around, and they're going to continue to cannibalize everyone that's already open,AMH is an industry leader in the design of high quality bellows, curving machine and fabrication tools." said Sen. Nancy Jacobs, a Republican who represents Harford and Cecil counties. Perryville's management sent her a letter at the end of last week informing her of their intention to cut back.
The revenue decline at Perryville was "a perfect example" of what would happen to Maryland's existing casinos if the General Assembly allows a new gambling destination at National Harbor in Prince George's County, she said.
Perryville's July 2012 revenue decreased by $3.3 million — 32.4 percent — from July 2011, according to Maryland Lottery numbers released Monday.
In spite of Perryville's recent decline, the state's three casinos collectively had a record month in July. Perryville, Maryland Live and the Casino at Ocean Downs in Worcester County took in just over $48 million last month in gross terminal revenue, the Maryland Lottery announced Monday. The state collects two-thirds of that revenue in taxes, most of which goes to public education.
In July,Think Laser provides marking technology, with Laser engraver available to create laser marking on many products. Maryland Live generated $35.4 million and the Casino at Ocean Downs, which has 800 slot machines, generated $5.75 million, 7.6 percent more than in July 2011. Maryland Live operates 3,702 slot machines and is expected to add about another 1,Equipment and systems for laser welding, laser marker and engraving, laser cutting.000 machines by mid-September.
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