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Thursday, August 18, 2011

Slots Commission Sweetens Terms For License Bids

Eases purchasing expectations in Baltimore, wastewater investment at Rocky Gap

A state panel sweetened the terms Wednesday for bids for the slots licenses in Baltimore and Rocky Gap.

The states slots commission voted unanimously to give the winner of the Baltimore license a two-year window to decide whether to buy nearby land, instead of expecting the winner to buy the parcels up front, which officials said was implied in the existing terms. Land for a parking garage still would have to be purchased immediately.

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