BUSINESS
By Eileen Ambrose, The Baltimore Sun | May 6, 2013
Table games at Maryland Live Casino generated $8.4 million in revenue in their first month at the Anne Arundel County facility, on top of $38.2 million from its slot machines, the Maryland Lottery and Gaming Control Agency reported Monday. While overall revenue at Maryland Live was up $1.95 million in April from March, revenue from slots fell about $6.45 million in April from the month before. By far the largest of Maryland's casinos, Maryland Live operates 4,217 slot machines and 122 table games.
NEWS
By Luke Broadwater, The Baltimore Sun | April 25, 2013
Area billboard companies are speaking out against a proposed tax introduced this week by Mayor Stephanie Rawlings-Blake. In a hearing before the City Council's taxation committee Thursday, the global billboard firm Clear Channel Outdoor offered to give the city more than $1 million in free advertising if the administration would drop plans for a tax on billboards. If not, the company's local general manager said, the city could face a lawsuit. "Will this legislation stand up to a legal challenge [that could]
BUSINESS
By Candy Thomson, The Baltimore Sun | April 25, 2013
Higher airfares and lower fuel prices combined to give Southwest Airlines $59 million in first-quarter net profits, or 8 cents a share, beating Wall Street's predictions. The Dallas-based airline's earnings fell 40 percent from $98 million, or 13 cents a share, of a year ago. Revenue rose 2.3 percent to a record $4.1 billion. The report exceeded the First Call consensus estimate of 2 cents per share. Southwest and its subsidiary AirTran Airways are the largest carriers at BWI Marshall Airport, accounting for 71 percent of all commercial passenger traffic.
EXPLORE
April 8, 2013
We were told the gas tax increase was needed to pay for roads and mass transit. Yet right there in the March 28 Flier on page 16, "Turner: Transportation needs Gas Tax Revenue," Guy Guzzone states that funding created by the increase will be used for the expansion of the emergency medical system and a new digital communications system for emergency responders. That doesn't exactly sound like roads, bridges, or mass transit. Either they lied about it or are stretching the definition of transportation beyond all credulity.
NEWS
April 6, 2013
Robert Reich's op-ed ("Obama should not compromise on Social Security and Medicare" April 3) prompts me to write. Mr. Reich's prescription for these programs isn't completely off the mark. But there is a much more comprehensive solution to each. Social Security: eliminate the cap on income subject to Social Security taxes. Then lower the rate dramatically. There is no rationale for having any cap on earned income subject to taxes in the first place. This change would dramatically increase revenue into the system without changing benefit formulas.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | April 5, 2013
Revenue at Maryland's three casinos in March reached $58 million, with two that have been opened for at least a year seeing a decrease from a year earlier, the Maryland Lottery and Gaming Control Agency reported Friday. Hollywood Casino Perryville in Cecil County generated $9.48 million for the month from slot machines and newly introduced gaming tables - a decrease of $4.24 million, or nearly 35 percent, from a year ago. The Casino at Ocean Downs in Worcester County reported revenue of $3.95 million - a decrease of $130,622, or 3.2 percent, from the year before.