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  Gamblers to wait for two years for Baltimore casino

Gary Loveman, the Chairman, CEO and president of Caesars Entertainment Group said on Monday that its proposed casino near M&T Bank Stadium may not be completed till the mid of 2014. While interacting with the Baltimore Sun’s editorial board, he expressed that the license for the Baltimore facility was eagerly awaited by them. He added that it was planned to open the casino by the end of 2013, but delay for issuance on the part of state licensing authority had postponed the plan and it would take about eighteen months for completion of the two-storey building of the casino. The location commission chairman, Donald C. Fry said that the approval for the license may be available by end of July for which next meeting has since been scheduled. Application for the license had since been moved in September and Fry wanted the decision before close of the General Assembly session in April but it took a long time on account of background checks of the companies and involvement of other people. Loveman reiterated Caesar’s support for the sixth gaming position in Maryland. Though it would penetrate the Caesar’s customer base, yet the revenue generated from the table games at Baltimore would make over the losses, he said. Loveman further commented that Caesars-led group would function under the name Harrah’s - the company’s lower-tier gaming brand. However, the Horseshoe brand name could also be considered if approval for the table games is received.


   2012-07-09






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