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Old 05-10-2013, 08:58 PM
 
377 posts, read 665,324 times
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Folks, those bids are just a show, they know they aren't winning the bid so they are just trying to get MGM to spend more money.
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Old 05-10-2013, 09:36 PM
 
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Quote:
Originally Posted by Fast GTO View Post
Folks, those bids are just a show, they know they aren't winning the bid so they are just trying to get MGM to spend more money.
Probably but it doesn't hurt to debate the issue. There is probably going to be someone that does a google search on this topic to gain some type of perspective. If they come here, they will have a myriad of opinions to reference/consider.
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Old 05-13-2013, 02:18 PM
 
Location: It's in the name!
7,083 posts, read 9,573,042 times
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Default Is there a favorite for the Prince George's County casino license?

An article in the Washington Business Journal broke down the three main bidders' strengths and how MGM isn't a lock necessarily. Personally, I think both Penn National and Greenwood are still at a disadvantage due to location. Here is their take on Penn National.

Quote:
Penn National’s proposal for a $700 million casino at its Rosecroft Raceway could be seen as a move that would not only strengthen the PG County harness track but Maryland’s racing industry in general. Penn National (NASDAQ: PENN) has shown it knows how to run successful racinos — casinos at horse tracks — at its facilities in states like West Virginia and Pennsylvania. Penn National could play up its knowledge and success in the mid-Atlantic market, where it also owns Hollywood Casino Perryville in Cecil County. And with the success of its Hollywood Casino at Charles Town Races in West Virginia, Penn National could tout its ability to cross-market to Maryland gamblers who cross the border to gamble at Charles Town to try to get them to gamble at Penn National’s casino at Rosecroft, Karmel said.
Those two casinos have had success ONLY because there has been no other competition. If Caesars was up and running in Baltimore along with Maryland Live and MGM at NH, I seriously doubt Penn National's vanilla Hollywood Casino parlors would be so successful. They would cease to exist. I give them until 2018 before they have to close those two locations or reduce their size significantly. Perhaps convert them to convention halls (except perhaps Charles Town due to the racing tradition). If I were Penn National, I would partner with MGM at NH with the two being so close geographically and see if there couldn't be any synergies to help boost Maryland's racing industry. MGM would draw people from around the country; a short distance from Rosecroft. Think about that.

A rendering of the Parx casino from Indian Head Highway. Now that Penn National and Parx have shown their renderings, it's time for MGM to come out with theirs.

[IMG]http://media.bizj.us/view/img/367991/parx-casino-prince-georges5*600.jpg[/IMG]

Hope the neighbors can sleep at night with all those funky lights.
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Old 05-13-2013, 02:30 PM
 
Location: It's in the name!
7,083 posts, read 9,573,042 times
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I sorta like this design which goes more along with DC's architecture. Maryland historic buildings use more red brick though in regards to Annapolis, UMD College Park, John's Hopkins, etc. Still wondering how MGM will design it. Though they do use a lot of glass in their designs except for the Bellagio.

These are renderings of a planned casino at a Detroit racetrack.



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Old 05-13-2013, 02:33 PM
 
2,429 posts, read 3,566,591 times
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Quote:
Originally Posted by adelphi_sky View Post
An article in the Washington Business Journal broke down the three main bidders' strengths and how MGM isn't a lock necessarily. Personally, I think both Penn National and Greenwood are still at a disadvantage due to location. Here is their take on Penn National.



Those two casinos have had success ONLY because there has been no other competition. If Caesars was up and running in Baltimore along with Maryland Live and MGM at NH, I seriously doubt Penn National's vanilla Hollywood Casino parlors would be so successful. They would cease to exist. I give them until 2018 before they have to close those two locations or reduce their size significantly. Perhaps convert them to convention halls (except perhaps Charles Town due to the racing tradition). If I were Penn National, I would partner with MGM at NH with the two being so close geographically and see if there couldn't be any synergies to help boost Maryland's racing industry. MGM would draw people from around the country; a short distance from Rosecroft. Think about that.

A rendering of the Parx casino from Indian Head Highway. Now that Penn National and Parx have shown their renderings, it's time for MGM to come out with theirs.




Hope the neighbors can sleep at night with all those funky lights.
Another disadvantage that PNG has is their current ownership of the perryville location. Operators are prohibited from having two license so if the sell their current one what will be the impact. Also, under their proposal they would only have 500 hundred slots which means the states profits would be insignificant. It could be anyone's game but , like it or not, I think anyone who voted for expansion would be pissed since the average voter believed that they were voting specifically for the NH location.
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Old 05-13-2013, 03:31 PM
 
2,429 posts, read 3,566,591 times
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Quote:
Originally Posted by adelphi_sky View Post
An article in the Washington Business Journal broke down the three main bidders' strengths and how MGM isn't a lock necessarily. Personally, I think both Penn National and Greenwood are still at a disadvantage due to location. Here is their take on Penn National.



Those two casinos have had success ONLY because there has been no other competition. If Caesars was up and running in Baltimore along with Maryland Live and MGM at NH, I seriously doubt Penn National's vanilla Hollywood Casino parlors would be so successful. They would cease to exist. I give them until 2018 before they have to close those two locations or reduce their size significantly. Perhaps convert them to convention halls (except perhaps Charles Town due to the racing tradition). If I were Penn National, I would partner with MGM at NH with the two being so close geographically and see if there couldn't be any synergies to help boost Maryland's racing industry. MGM would draw people from around the country; a short distance from Rosecroft. Think about that.

A rendering of the Parx casino from Indian Head Highway. Now that Penn National and Parx have shown their renderings, it's time for MGM to come out with theirs.


Hope the neighbors can sleep at night with all those funky lights.
Finally found the picture of Parx proposed casino. It looks nice but I can't help but think of Livingston Square and the dilapidated Giant that would be next door or the coin-op laundromat and Chinese take out on the other side of the parcel. They would need to revamp that entire strip to make it appealing for visitors to the casino. Not to mention access off of 210 prior to state starting their project.
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Old 05-13-2013, 05:44 PM
 
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Okay, I'm confused. If they didn't submit the right application fee at the time of submission (and the other applicants did), wouldn't that void their submission? I wouldn't think that you could just arbitrarily pick what you want to pay just because you are not sure about the refund policy. Another question I am assuming if the others bid for more than 3000 slots (the cap stated in the law that passed) that they would only be approved for up to 3000. The amount didn't change did it?


Penn National says Rosecroft casino would include 3,000 slot machines - The Washington Post


Quote:
The state has said losing bidders will get their money back. But Karen Bailey, a spokeswoman for Penn, said the company did not submit a larger fee because of “the continued gray area around the refundability of these fees.”

“We have made clear to the state in our submission that we are designing the facility for at least the full statutory allotment of (3,000 slot machines) and will submit the remaining fees upon licensing,” Bailey said.
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Old 05-14-2013, 07:52 AM
 
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This is getting interesting...

Fort Washington Residents Told to Vacate Site of Proposed Casino | NBC4 Washington
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Old 05-14-2013, 08:05 AM
 
Location: It's in the name!
7,083 posts, read 9,573,042 times
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Quote:
Originally Posted by UrbanScholar View Post

Told you. There was no way there were building a casino without removing some homes. Hopefully they are offering the residents 150%+ market value.
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Old 05-14-2013, 09:02 AM
 
377 posts, read 665,324 times
Reputation: 146
Another reason why MGM will get the bid...on top of the county executive supporting it, and IMO, people voting for the proposal under the assumption the casino was going to NH.

That Parx location is in a completely random site unsupported by any major infrastructure. NH is the best site and I'm sure the State will agree. If anything MGM wins because they have the support of NH and it is the most logical location for a high end resort/casino.

Major road changes would need to be made to each of the sites, other than the NH site, to support a casino.
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