{"id":12658,"date":"2014-02-05T15:17:33","date_gmt":"2014-02-05T23:17:33","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12658"},"modified":"2014-02-05T15:17:33","modified_gmt":"2014-02-05T23:17:33","slug":"penn-parx-fold-in-maryland-home-rule-in-n-y","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/penn-parx-fold-in-maryland-home-rule-in-n-y\/","title":{"rendered":"Penn, Parx fold in Maryland; Home rule in N.Y.?"},"content":{"rendered":"

\"bs-md-greenwood-protest-20131216-001\"<\/a>In a rare moment of grace, Penn National Gaming<\/strong> agreed not to sue<\/a> Prince George’s County<\/strong> over the award of a Maryland<\/strong> casino project to MGM Resorts International<\/strong>. (As expected, Greenwood Racing<\/strong> also signed away its prerogative to litigate.) Perhaps the fact that Penn’s Rosecroft Raceway<\/strong> proposal got not one vote<\/em> had something to do with the decision.\u00a0With the stroke of a pen, the two companies regained an aggregate $46.5 million<\/a> in licensing fees. And they can go back to jockeying over who gets a slot parlor in Massachusetts<\/strong> and a casino in Philadelphia<\/strong>. Greenwood and Penn are butting heads wherever there’s a battlefront, seems like.<\/p>\n

Taking a page from Massachusetts<\/strong>, lawmakers in New York State<\/strong> are floating the idea of\u00a0\"Krueger\"<\/a>\u201cprotecting the basic home rule rights of municipalities with respect to casino siting<\/em>,\u201d by allowing cities and towns to have voting power over whether or not a casino is allowed within city lines.\u00a0\u201cThis [expansion] plan will never work if Albany bureaucrats are forcing casinos down the throats of communities that don\u2019t want them and can\u2019t accommodate them<\/em>,\u201d said Manhattanite and co-sponsor state Sen. Liz Krueger<\/strong> (D).\u00a0Given the level of opposition to casinos upstate, this is probably smart politics but it also sets up a scenario whereby New York City<\/strong> and its environs can thwart casinos when they (the cities) become eligible in 2020. At present, casino siting is in the hands of an as-yet-unappointed committee.<\/p>\n

Casino expansion<\/strong> in New Hampshire<\/strong> is off to a strong start, with 108 legislators declaring their support<\/a>. “The bill would allow for one casino awarded to a licensee through competitive bidding that is subject to strict regulations<\/em>.” Taxed proceeds would be used to fund treatment of problem gambling, and the whole kit ‘n kaboodle would be brought under the umbrella of the New Hampshire Gaming Commission<\/strong>, which oversees racing, the state lottery, charitable gambling and whatever new regulatory framework casinos would require. The one-casino-only bill still faces long odds in the state House, though.<\/p>\n

Bowl was super<\/strong>. It certainly was for CG Technology<\/strong>. The former Cantor Gaming<\/strong> outperformed the market, recording 16% of all wagers<\/a> at its eight sports books. It held over $2 million, a 55% increase from last year. The $19 million in wagers made at CG books was a 30% bump from 2013’s Super Bowl<\/strong>.<\/p>\n

For most jurisdictions<\/strong>, 7% monthly growth in revenue<\/a> would be cause for celebration. “Most jurisdictions,” however, are not Macao<\/strong>. “Disconcerting,” analyst Carlo Santarelli<\/strong> called the numbers.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a rare moment of grace, Penn National Gaming agreed not to sue Prince George’s County over the award of a Maryland casino project to MGM Resorts International. (As expected, Greenwood Racing also signed away its prerogative to litigate.) Perhaps … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[148,14,172,62,72,11,163,101,69,90,25,74],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12658"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=12658"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12658\/revisions"}],"predecessor-version":[{"id":12661,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12658\/revisions\/12661"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}