Penn National Eyeing Md. Slots Site
Penn National Gaming, a major casino operator, has secured an option to purchase a 36-acre tract of land in Cecil County that could serve as a slots venue if Maryland voters approve a November referendum legalizing up to 15,000 gambling machines.
An official with the Pennsylania-based company told The Washington Post last week that Penn National is interested in bidding for one of the five licenses that Maryland would make available if voters approved the ballot measure.
"We intend to support Maryland's November slot machine referendum both financially and by educating voters on the potential economic benefits of new development in the state, as we are committed to building distinctive entertainment centers that create jobs, tax revenue and other sustainable economic benefits for the regions where we operate," Peter M. Carlino, Penn National's chief executive officer, said in a statement yesterday.
Penn National operates 19 gaming facilities in the United States and Canada that include more than 25,000 slot machines.
The Cecil County site is located in Perryville, along Interstate 95 and borders Pennsylvania and Delaware along the Chesapeake Bay, company officials said.
July 8, 2008; 11:40 AM ET
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