Slot Machine Bidding is Coming

With only one week left it looks like there may be four slot machine companies interested in bidding on the licenses. Ever since Marylanders voted to legalize slot machines in the state, there has been much speculation as to who would get the much discussed licenses. There have been a lot of names tossed around as to who might be trying, but until they are revealed on February 2nd, it really is a guessing game.

The slot machine proposals will be released as of that date, and even n the State House they are only guessing at who they think it might be. There are five slot machine licenses available, but only one is really cause for debate as it is considered to be the most lucrative of the group. It is the one in Anne Arundel County, which must be within two miles of the Baltimore-Washington Parkway.

It will have the most slot machines at 4,750 slots, and with that number of slot machines and the location, it is bound to turn a large profit. So far those vying are Laurel Park, Halsey Minor, Hard Rock International, and the Cordish Companies. Laurel Park is owned by Canadians and is the county racetrack, Halsey Minor comes from a Virginia born buyer who wants a standalone casino, Hard Rock – the well known entertainment and casino group, and Cordish is the big name behind all of the big developments in downtown Baltimore.

All of those trying for the slot machines know that there is a lot of money to be made from them, and that they will get 33% of the revenue. This of course means millions of dollars to whoever gets it – hence the stiff competition.

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