gaming atlantic blog

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Moving Fast in Maryland

Posted by jkarmel on June 2, 2010

[Originally published by GA on November 6, 2008]

According to the Baltimore Sun, the state is moving quickly to get its new casinos established within the two year window mandated by the law. Of course, this is necessary in order to meet a February 1, 2009 deadline for the license applications. The new commission may in fact be up and running next month (December) to start administering the application process. The Sun also pointed out that Baltimore moved quickly to make designated property available for purchase — something which will smooth the process for a potential gaming firm to make a bid.

Right now, the Cordish Company is clearly eyeing the area, along with other designated spots. The Maryland Jockey Club (parent company: Magna Entertainment) is pulling together its bid for the Laurel site even as slots opponents in Anne Arundel County declare intent to keep the fight going with a zoning battle (as I predicted in yesterday’s post).

With all the potential for sensationalized obstruction, I’m confident that Maryland officials will go about this efficiently & publicly to get things done fast. The pitfalls otherwise loom large in the charged political climate surrounding Maryland casinos. I doubt that local forces will be able to block the new casinos via zoning, but in Laurel & Ocean City, they could delay proceedings for a while. There appear to be no substantive local hurdles in Baltimore, which is good news for bidders there. From an industry standpoint, the fact that Maryland is a closed market could also be advantageous: despite the restrictions, gaming companies won’t need to constantly be concerned over competitors opening up and carving up the market.

I’m still wary of the financial commitment involved in a stalled gaming market, but also encouraged that things are moving in a more positive direction. The great locations of MD’s three I-95 corridor casinos should attract sufficient interest for viable casinos to open within the law’s 2-year timeframe. The Rocky Gap location is a big question mark right now: will its remote location hinder development?

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