In a sign that pro-slots fundraising is heating up, the owner of Pimlico Race Course and Laurel Park has secured permission from its parent company to use up to $2 million to encourage voters to authorize slot machine gambling in Maryland this November, company officials announced.
Canada-based MI Developments Inc., parent company of track owner Magna Entertainment Corp., will allow the gambling subsidiary to use part of a $100 million loan to "fund costs associated with the up-coming Maryland slots referendum," according to a statement made this week.
Laurel Park is one of five sites that could have slots casinos if voters authorize a constitutional amendment allowing the expansion of gambling. However, Magna is not guaranteed a slots license and would have to compete for one through a bidding process.
