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Casinos Fund Campaigning for Question 7

Casino companies in Maryland have contributed over $26.7 million to campaigns for and against expanding gaming in the state.

Casino companies in Maryland have contributed over $26.7 million to campaigns for and against expanding gaming in the state.

The gaming referendum, known as Question 7, would see more gambling in Maryland through extended casino hours, more table games and an additional casino being built in Prince George’s County.

Around $14.1 million has been contributed to the pro-expansion committee, most of it from MGM Resorts International, the potential operator of the new casino.

However, a new casino could take business away from other casinos including those owned by Penn National Gaming Inc. Pen National has spent $13 million so far campaigning against Question 7.

A recent campaign finance statement from the pro-expansion committee shows that MGM has contributed another $3 million; this means that since August MGM has contributed $11.4 million. The campaign has also received $2.3 million from CBAC Gaming LLC, a group led by Caesars and Rock Gaming.

The Director of Candidacy and Campaign Finance for the Maryland State Board of Election, Jared DeMarinis, said that both committees have been very consistent and accurate in reporting their expenditures.

According to a poll of voters conducted by Gonzales Research & Marketing Strategies, opinion on the issue is currently tied.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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