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By Steve Kilar and The Baltimore Sun | September 14, 2012
The Baltimore design firm that helped ferry a Caesars-led proposal for a casino on Russell Street through the state approval process has been dropped from the project and replaced with an out-of-state company. Ayers Saint Gross, headquartered in Locust Point, drew up the preliminary designs for the Harrah's casino that were used by Caesars as an enticement for the Maryland Video Lottery Facilities Location Commission to green light the construction of a casino near M&T Bank Stadium.
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BUSINESS
By Steve Kilar and The Baltimore Sun | October 25, 2012
Baltimore's Urban Design and Architecture Review Panel on Thursday gave preliminary approval to the early design of the Harrah's casino that group led by Caesars Entertainment Corp. plans to build on an empty lot along Russell Street. The panel remains concerned about the look of a massive parking garage that faces Interstates 95 and 395. It was the focus of the panelists' critcism during their first meeting about the project, last month. Though the height of the garage has been reduced from about 120 feet to 100 feet, and vertical elements that echo the nearby Montgomery Park building were added to the design, the panelists continued to air concerns about how the garage will appear to drivers passing and entering the city.
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BUSINESS
By Steve Kilar and The Baltimore Sun | October 25, 2012
Baltimore's Urban Design and Architecture Review Panel on Thursday gave preliminary approval to the early design of the Harrah's casino that group led by Caesars Entertainment Corp. plans to build on an empty lot along Russell Street. The panel remains concerned about the look of a massive parking garage that faces Interstates 95 and 395. It was the focus of the panelists' critcism during their first meeting about the project, last month. Though the height of the garage has been reduced from about 120 feet to 100 feet, and vertical elements that echo the nearby Montgomery Park building were added to the design, the panelists continued to air concerns about how the garage will appear to drivers passing and entering the city.
BUSINESS
By Steve Kilar and The Baltimore Sun | September 14, 2012
The Baltimore design firm that helped ferry a Caesars-led proposal for a casino on Russell Street through the state approval process has been dropped from the project and replaced with an out-of-state company. Ayers Saint Gross, headquartered in Locust Point, drew up the preliminary designs for the Harrah's casino that were used by Caesars as an enticement for the Maryland Video Lottery Facilities Location Commission to green light the construction of a casino near M&T Bank Stadium.
BUSINESS
By Steve Kilar, The Baltimore Sun | June 26, 2012
The slots casino that a group led by Caesars Entertainment Corp. wants to build near M&T Bank Stadium will not be complete until the middle of 2014 at the earliest, the company's head said Monday, meaning the proposed facility's timeline would be extended by at least six months. "We are anxiously awaiting the issuance of the license for the Baltimore facility," said Gary Loveman, the chairman, CEO and president of Caesars, during a meeting with The Baltimore Sun's editorial board.
NEWS
June 27, 2012
When Maryland legislators voted to legalize slot machines in 2007, an overriding concern in Annapolis was to make sure the state got as large a share of the proceeds as possible. The reason was fiscal - the state needed the money - but also political. It helped to win some reluctant votes that Maryland would have one of the highest gambling tax rates in the country. But five years later, many have come to conclude that the focus on the bottom-line number - a 67 percent tax rate - betrayed an unsophisticated understanding of gambling economics.
NEWS
November 15, 2011
If we've learned anything so far in the effort to bring slot machine gambling to Maryland - and especially to downtown Baltimore - it's not to get too excited by early promises and glitzy artist's renderings. The gap between promise and reality seems to have a tendency to stretch on in unexpected ways. That said, the proposal by the head of Caesars Entertainment Corp. to the state's slots licensing commission for a Harrah's casino on Russell Street just south of M&T Bank Stadium is clearly more promising than anything we've seen thus far for the Baltimore site and stands a chance to give the Cordish Cos. casino under construction at Arundel Mills mall competition for the state's top slots site.
BUSINESS
By Jeff Barker, The Baltimore Sun | September 2, 2014
Horseshoe Casino Baltimore says it drew more than 50,000 guests over the three-day Labor Day weekend - its first weekend since attracting about 15,000 to its opening on Aug. 26. The casino said the crowds exceeded expectations. Horseshoe, owned by Caesars Entertainment Corp., benefitted from its location near M&T Bank Stadium. The Ravens' stadium hosted the Ohio State-Navy game on Saturday. Attendance was listed as 57,579. "Many of those who attended Saturday's Navy-Ohio State football game at M&T Bank Stadium visited the casino prior to or after the game, generating significant business at the slot machines, table games, bars and restaurants," the casino said in a release.
NEWS
By Luke Broadwater, The Baltimore Sun | June 12, 2012
A Canadian developer whose bid to build a slots casino in Baltimore was dismissed last year has been rebuffed again by a state appeals court. Maryland Court of Special Appeals Judge Robert A. Zarnoch wrote Monday that developer Michael Moldenhauer's Baltimore City Entertainment Group — which had appealed a decision by the state gambling commission — was "an unsatisfactory bidder. " It was not in the "best interests of the state" to award a license to a company that planned to install only 500 video lottery terminals, he wrote.
BUSINESS
By Yvonne Wenger, The Baltimore Sun | September 19, 2013
Penn National Gaming Inc. took another step Thursday toward being able to bid for a casino license in Prince George's County after Maryland gaming officials approved a corporate restructuring for the owner of Hollywood Casino Perryville. The state Lottery and Gaming Control Commission approved Penn National's plan to spin off Gaming and Leisure Properties Inc., which would allow the Wyomissing, Pa.-based company to circumvent a state law restricting businesses to one video lottery facility.
NEWS
June 27, 2012
When Maryland legislators voted to legalize slot machines in 2007, an overriding concern in Annapolis was to make sure the state got as large a share of the proceeds as possible. The reason was fiscal - the state needed the money - but also political. It helped to win some reluctant votes that Maryland would have one of the highest gambling tax rates in the country. But five years later, many have come to conclude that the focus on the bottom-line number - a 67 percent tax rate - betrayed an unsophisticated understanding of gambling economics.
BUSINESS
By Steve Kilar, The Baltimore Sun | June 26, 2012
The slots casino that a group led by Caesars Entertainment Corp. wants to build near M&T Bank Stadium will not be complete until the middle of 2014 at the earliest, the company's head said Monday, meaning the proposed facility's timeline would be extended by at least six months. "We are anxiously awaiting the issuance of the license for the Baltimore facility," said Gary Loveman, the chairman, CEO and president of Caesars, during a meeting with The Baltimore Sun's editorial board.
NEWS
November 15, 2011
If we've learned anything so far in the effort to bring slot machine gambling to Maryland - and especially to downtown Baltimore - it's not to get too excited by early promises and glitzy artist's renderings. The gap between promise and reality seems to have a tendency to stretch on in unexpected ways. That said, the proposal by the head of Caesars Entertainment Corp. to the state's slots licensing commission for a Harrah's casino on Russell Street just south of M&T Bank Stadium is clearly more promising than anything we've seen thus far for the Baltimore site and stands a chance to give the Cordish Cos. casino under construction at Arundel Mills mall competition for the state's top slots site.
BUSINESS
By Steve Kilar and The Baltimore Sun | October 30, 2012
Baltimore's Board of Estimates is being asked by the Baltimore Development Corp. to approve the multi-million dollar sale of city-owned land off Russell Street to a group of casino investors led by Caesars Entertainment Corp. The spending board will also be asked at its next meeting to approve the terms of a ground rent agreement pertaining to the city-owned land where the group plans to build its casino. Maryland law requires the land under the casino to be owned by the city. According to the board's agenda, prepared by Comptroller Joan Pratt's office, CBAC Gaming LLC will pay $1.2 million per acre to Baltimore for several parcels of land: 1501-1525, 1601-1625, 1629-1631, 1633-1643 and 1645-1725 Warner Street; 2102 Oler Street, 2104 Worcester Street, 2119 Haines Street and "the associated street beds.
NEWS
By Alison Knezevich, The Baltimore Sun | September 24, 2011
Caesars Entertainment Corp., the world's largest casino operator, applied Friday for the license to run the slot machine parlor proposed for Baltimore, while three developers will compete for the opportunity to run a casino in Western Maryland. Caesars submitted a bid for a 3,750-machine casino on Russell Street in Baltimore. The location drew another bidder, Baltimore City Casino LLC, but the company did not submit the required $22.5 million initial license fee and is likely to be disqualified, state slots commission Chairman Donald C. Fry said.
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