The field competing for the sixth Maryland casino license is about to get more crowded, according to a report from www.wjla.com (here).
Greenwood Racing, the company which owns Parx Racing, the former Philadelphia Park, as well as Atlantic City Racecourse, has thrown its hat in the ring for the newest license, to be awarded in Prince George’s County, in the Washington, DC suburbs. In May, a Greenwood subsidiary purchased vacant land in Fort Washington, MD, to put themselves in the running.
The presumed frontrunner for the license is MGM, which would build a casino at the National Harbor development. Penn National Gaming, which owns the Rosecroft harness track, also is expected to submit a proposal for the license.
Six percent of slot machine revenues at Maryland’s casino is directed to horse racing with the bulk of that going to purses.
Greenwood’s Tony Ricci said, “We believe in the end that our proposal will generate the most tax revenue for the state and the highest level of economic development for the community. We expect to win.”