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Md. Might Have To Keep Less From Slots

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Oct 31, 2008 9:57 am US/Eastern

Md. Might Have To Keep Less From Slots

ANNAPOLIS, Md. (AP) ― It may take more than voter approval of the slot machine referendum to bring slots casinos to Maryland.
  
House of Delegates Speaker Michael Busch and Senate President Mike Miller say that if next week's ballot question passes, the General Assembly might have to lower the state's share of the proceeds to attract bidders for the casino sites.
  
The state plans to take 67 cents on every dollar. Casino operator MGM Mirage said Thursday is was not interested in bidding for a Maryland site.
  
Busch says tax rates could be lowered in jurisdictions that do not receive desirable bids. Miller acknowledges that the slots licenses would be among the "least lucrative" in the nation. He says the tax might have to be adjusted but he still expects at least a dozen bidders. 

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