image description

Critics Continue To Question Successfulness Of Slots

October 3rd, 2011 by WCBC Radio

While some gambling analysts say the two casinos currently operating in Maryland are holding their own despite competition from neighboring states with alluring games such as poker, blackjack and roulette-  critics continue to  question whether the state's program can fulfill its promises. Three other approved sites, including one in Allegany County and one in Baltimore City have not yet opened. Gambling came with great expectations when Maryland voters approved a referendum in 2008 to legalize slots. All five slots casinos were expected to begin operations by this summer and make nearly $157 million in gross revenue during the state's 2011 fiscal year ending June 30. When all casinos are fully running, the slots program is supposed to contribute $600 million annually to the state's treasury- however while Maryland has been dragging its feet to get slots up and running- neighboring states are already expanding gaming operations. Maryland Governor Martin O’Malley, despite the state’s desperate need for an enhanced revenue stream, is in no hurry to see any additional gaming approved for the state…

Leave a Reply

View Mobile Site