An Opening
This just might be the opening that Penn National Gaming is looking for. The Rocky Gap Lodge has had significant trouble finding a bidder since slot machines were approved for operation in the venue back in 2008. In response to the lack of interested bidders, the state has changed the law to make the venue more attractive. Instead of having to pay the 67 percent tax that the rest of the casinos in the state will have to pay on their slot machines, the state will allow the Rocky Gap operator to pay only 50 percent for the first ten years. But that is not the part that interests Penn National. The state will also permit the venue to operate another casino in the state.
Penn National Gaming has been trying desperately to be allowed to operate more casinos. They have set their sites on race tracks for the most part. They first got into bed with the Maryland Jockey Club to get slot machines at Laurel Park. They recently broke off that relationship in order to focus on getting slot machines at the Rosecraft raceway. Now they may be able to center their focus and securing the bid for Rocky Gap as their is no longer a law barring them from operating that casino as well as the one they are currently operating down in Cecil County Maryland. Although they will still have the Rosecraft racetrack on their hands. I get the feeling they would not have invested in a racetrack if they knew this opportunity would arise.
Tags: online slots, slot machine, slot machines, slots
This entry was posted
on Thursday, March 31st, 2011 at 8:34 pm and is filed under Uncategorized.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.