A law expanding casino gambling in Maryland alters some tax and revenue percentages but should keep the horse racing industry whole, according to fiscal projections associated with the measure.
Penn National Gaming Inc. said Aug. 7 it will continue to offer live harness racing at Rosecroft Raceway in Maryland for two more years--if another Prince George's County location isn't chosen as the location for a casino.
Legislation that would divert gaming revenue for horse racing to other sources has been introduced in Maryland, and in Pennsylvania the governor has taken similar action in his 2012-13 state budget.
The Maryland General Assembly April 11 sent a bill that provides millions of dollars to help horse racing to Gov. Martin O'Malley for his signature.
The Maryland horse industry continued to make its case for assistance March 16, urging the Senate Budget and Taxation Committee to pass legislation that would shift some revenue from VLTs to support racetrack operations.
The Maryland horse industry made its case March 15 for legislation that would shift gaming revenue from capital improvements to racetrack operations.
A commission overseeing development of video lottery terminal parlors in Maryland said Jan. 11 the state should examine ways to attract more interest in available gaming licenses and study similar operations in other states.
A Maryland delegate is planning to propose a resolution to rename the state-bred and state-sired event Jim McKay Maryland Million Day.
Maryland racing interests are optimistic over passage of legislation to authorize a statewide referendum on slot machines in November 2008, but they indicated there remains a need for financial relief before the slots measure even comes up for a vote.
The Maryland legislature has approved a measure for a November 2008 referendum on slot machines, and also voted for a package that raises taxes in the state by $1.3 billion.
The Maryland House of Delegates passed a measure Nov. 16 to authorize a November 2008 referendum on slot machines in the state.
A November 2008 referendum on allowing slot machines in the state was approved by the Maryland Senate the evening of Nov. 8.
The legislative race for slot machines in Maryland hit fever pitch Nov. 2 with rallies in the state capital.
With a special session of the Maryland legislature fast approaching, the Maryland racing and breeding industry is planning a major push for financial assistance in the form of slot machines.
Republican members of the Maryland House of Delegates have proposed a state budget that would limit growth in spending and derive hundreds of millions of dollars in revenue from slot machines to combat a $1.5-billion shortfall. There were no details on how the horse industry would benefit.
Maryland lawmakers again addressed the issue of racetrack slot machines in committee March 6, but passage of legislation is hardly assured.
Principals in the Maryland horse racing and breeding industry have struck a major agreement on issues that have stymied progress in the state and led lawmakers and regulators to often claim the industry is in disarray.
The Maryland Racing Commission, which seldom delves openly into politics, has expressed its disappointment with the state legislature for failing to help the racing industry in the recently concluded legislative session.
The Maryland racing industry has signed off on a plan to revitalize the sport should legislators approve alternative gaming. Though efforts to win approval for racetrack slot machines have stalled in recent years, a key legislator said the plan represents progress.
Most Popular Stories
- Early Nominees to Triple Crown Races Increase
- Far Right Works, Confirmed for Southwest
- Futura Powerful J&B Met Winner at Kenilworth
- Complete List of Triple Crown Nominees
- Aqueduct Cancels Racing for Saturday, Jan. 31
- Leave the Light On Off Derby Trail
- The Legacy of Gone West
- KY Derby Winner Thunder Gulch Pensioned at 23
- Honor Code, Top Billing Near 4YO Debuts
- Withers Favorite El Kabeir Breezes at Belmont