The state of Maryland is on its way to becoming the proud owner of $41.5 million worth of video slot machines for the Ocean Downs and Perryville slots casinos through the sale last week of taxable certificate of participation bonds. The bonds sold quickly last week at a coupon rate of 5%, raising the funds the state needs to purchase 1,825 of the slots at the two casinos, said Patti Konrad, director of debt management in the State Treasurer’s Office, and Deputy Treasurer for External Affairs Howard Freedlander.
Continue Reading...
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Maryland is broke but yet they have 41.5 million dollars lying around to buy slot machines. Now that really makes sense doesn't it?
ReplyDeleteThis is why you can never believe anything the government says about itself whether it's in the black or in the red.
When it comes to the PEOPLE, they're always in the red!
Sounds like a BAD "gamble" to me!