Revenue at a casino in Perryville dropped by about 32 percent in July compared with the same time last year, the Maryland Lottery announced Monday, and the casino has indicated it wants to cut the number of slot machines by about one-third because of increased competition.
The Maryland Lottery says it raised a record amount of money for the state in the last fiscal year for the 15th straight year.
AAA Mid-Atlantic says the District of Columbia’s use of speed and red light cameras brought in a record $55 million in fiscal 2011 and could generate even more revenue this year.
In its second day of business, Maryland Live! is drawing in tons of gamblers and tons of money. The casino is expected to generate millions of dollars for the state.
The owner of an online prostitution ring has pleaded guilty to racketeering after he admitted he took in $1.8 million by employing more than 50 prostitutes who worked throughout metropolitan Washington.
The Maryland Lottery says the state’s two casinos generated more than $14.5 million in revenue in May.
Doug Bither looks forward to the jobs that will be created when the 330,000-square-foot Maryland Live! casino opens adjacent to the Arundel Mills mall.
Garrett County officials say a boost in the local hotel tax will help pay for the county’s recent acquisition of a manmade whitewater course in western Maryland.
In a strange ending full of finger-pointing over failures, the Maryland General Assembly adjourned Monday at midnight after running out of time and failing to pass a key revenue plan needed to avoid hundreds of millions of dollars in budget cuts.
Maryland Senate President Thomas V. Mike Miller says changes to the state budget made by House of Delegates committees could mean deep cuts and the need to raise revenue next year.
Fewer taxpayers would be affected by an income tax increase approved Monday under a House panel’s plan then one approved by the state Senate last week.
Maryland’s Board of Revenue Estimates has revised state revenue projections downward by about $80 million for the current fiscal year and $50 million for the next one.