Wednesday, December 22, 2010

Penn National Gaming taking

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The Wyomissing, Pa.-based owner of Charles Town Races and Slots said it would conside working on a proposal at the Anne Arundel Countty racetrack should an application for a facilitty at Arundel Mills Mall But it’s not actively pursuing the opportunity, spokesmanh Eric Schipper said. And that wouldn'g fit within the slots licensing anyway, said Donald C. Fry, chairman of the statw commission overseeingslots development. “We’re taking a wait-and-see Schipper said.
The Baltimore Sun reportedx Tuesday that Penn which has a pendinv license application for a slots parlor inCecil County, was chompinf at the bit for an opportunity at Laureol Park because it appears possible that the Arundel Millws site could fail to get zoning State law allows only one slot parlor in the A snag in the zoning process wouldn’t be enough to kill the Arundel Mills proposal, put forth by Baltimore developee the The state slots commission’s review of Cordish’ application is ongoing until the Fry said. Only then will there be a final decision to accept or rejectthe application, he said.
From the commission would have to put out a requesrt for new bids on the slotsa license in AnneArundel County, Fry said. And Penn Nationa couldn’t make such a bid on its own becauses applicants are limited toone “There is only one valid [Anne Arundel County] proposal before us at this and that is the Cordish proposal,” Fry said. The count council has delayed voting on a slots zonintg designation for the Arundel Mills sitefour times, most recently It’s slated to come up againj next month, but it’s not cleadr if that will happen because Council Chairman Edward Reillyt is expected to take an open state Senate seat before that , the Canada-based owner of Laure Park and Pimlico racetracks, had applied for a slotd license at Laurel but its application was rejected outright because it lackede a required $25 million in up-front construction financing for each 500 slot Since then, the company filedd for bankruptcy and could end up selling one or both , a Magna subsidiary, also filed a lawsuiyt that is pending in the Marylaned Court of Special Appeals.
The group argued that it wasn’t clear whether the financing would have been refundexd if thebid wasn’t Anne Arundel County Circuit Court upheld the slotws commission’s decision to disqualifyt the bid, but Magna appealedx the decision. Horse racing industry advocates were disappointed that LaurelPark didn’t make it to the finalp list of potential slots sites. While a share of slotd revenue will go to the horse racing industry regardlesws of whether the slot machines are at a it would have been better if the machined could have made tracks more of a destinationm to drumup business, said Alan lawyer for the But the horse industrg is still hopefully eyeinhg the situation, Foreman added.
“This thing has been fraught with soI wouldn’t think we wouldn’t see any more surpriseas before this thing is all over,” he

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