Magna Entertainment denied slot machine licenses

Feb 17, 2009 5:04 PM
by Ray Poirier | Despite threats of appeal, the Maryland commission appointed to grant slot machine licenses denied the license application of Laurel Park, a subsidiary of Magna Entertainment Corp. (MECA).

The legal advice given to the VLT Facility Location Commission was that Laurel’s application failed to include the required up-front deposit of $28.5 million.

The commission accepted the application of the Baltimore-based Cordish Companies, which was bidding against Magna for a site in Anne Arundel County, between Baltimore and Washington, D.C.

Magna’s lawyers immediately filed an appeal of the decision, suggesting that the proposal set forth by the Maryland Senate, requiring the deposit, was "constitutionally defective."

Also denied was the application submitted by Empire Resorts.