Maryland Casino Operators Oppose MGM Resorts Building New Casino in Baltimore
- Created: Friday, 17 August 2012 13:56
- Written by Matt Bourie
Despite resistance from race track owners and local casino operators, MGM Resorts International is trying to expand with the building of a new casino in Baltimore, Maryland.
Maryland's House of Delegates and Senate both voted to approve new gaming expansion legislation earlier this week and the legislation will not go to voters for approval in November. If passed, there will be a competitive bidding process for a sixth gaming license.
There is already an agreement between MGM Resorts International and a developer to build a casino in National Harbor, but Penn National Gaming is strongly opposed to giving the license to MGM and is ready to compete for it. Penn National currently owns and operates the Hollywood Casino Perryville and Rosecroft Raceway harness horse race track, both in Maryland.
Cordish Cos, which just opened Maryland Live!, the largest of the Maryland casinos, is also opposed to giving MGM the license.
"A basic premise of any potential changes to gaming laws in Maryland, especially the addition of a potential new sixth mega-casino, should be fairness to the existing licensees such as us that have made massive investments based on the state's current rules," said managing partner for Cordish Cos Joe Weinberg in a statement before the special legislative session began.
If voters approve the legislation, it will be the biggest gambling expansion in the state since 2008.