PENN pledges $5.5 million to defeat Md. gambling plan

Sep 10, 2012 6:21 PM

Guaranteeing a major battle over the proposed changes in the gaming laws of Maryland, Penn National Gaming Inc. (PENN) reportedly has committed $5.5 million to defeat the plan that will be placed before the voters on the November ballot.

The announcement came on the heels of a report that MGM Resorts International (MGM), which has plans for an $800 million casino at National Harbor in Prince George County, is set to spend some $2.4 million in support of a group boosting the plan.

The expanded gambling proposal originated with Gov. Martin O’Malley and was passed by the state’s lawmakers.

Ray Poirier is the longtime executive editor at gamingtoday. Contact Ray at Ray­[email protected].