| Jul 5, 2013
| 8:59 PM
After four years of providing trillions of dollars in cheap money to prop up the U.S. financial system and economy, the Federal Reserve has signaled that its generosity won't last forever.
On the face of it, that ought to be good news: It means the...
| Jul 3, 2013
| 1:21 PM
A tax on gasoline went into effect in Harford County and across Maryland on Monday, adding about 4 cents to the cost of a gallon. Next year, that will increase again, and the same thing will happen the following year, then in 2016, the final increase in...
| Jul 5, 2013
| 4:17 PM
Maryland's four casinos took in about $66.5 million in revenue in June, capping a fiscal year in which they far exceeded expectations, the Maryland Lottery and Gaming Control Agency announced Friday.
Even with stiff competition from more established...
| Jul 6, 2013
When Maryland was first contemplating legalizing slot machines, supporters pointed to Delaware and the success of its "racinos" — racetracks with slot machine gambling — and how they drew in thousands of Maryland residents each year. Turns out...
| Dec 27, 2013
| 5:27 PM
Wall Street had plenty of reasons to think 2013 would go miserably for the stock market — what with a lackluster global economy, the U.S. government shutdown, Syria's civil war, the Obamacare fiasco and Miley Cyrus.
Instead, we're on track for a...
| Jan 2, 2014
| 8:53 AM
Las Vegas is no longer the gambling capitol of the world. Not by a long shot.
The tiny Chinese city of Macau reported a whopping $45 billion of gambling revenue in 2013, a figure analysts expect will be about seven times as much as casinos on the iconic...
| Jan 2, 2014
| 2:25 PM
Connecticut knew, or should have known, 20 years ago that its regional monopoly on casino gambling — and hence its cut of slot machine revenues — would not last forever. Surrounding states were inevitably going to want a piece of the action....
| Jan 3, 2014
| 2:09 PM
Los Angeles City Atty. Mike Feuer has filed a lawsuit against a national developer of gambling systems for its role in allegedly supplying L.A.-area cyber cafes.
"Illegal gambling can cause significant public safety problems and preys on our most...
| Jan 7, 2014
| 10:33 AM
Maryland's four casinos brought in about $65 million in December, their lowest monthly revenue since the Rocky Gap Casino Resort opened in May.
Still the total was well above revenues seen at the end of 2012, riding a nearly 50 percent year-over-year...
| Jan 10, 2014
| 12:13 PM
Though MGM Resorts International won the state's Prince George's County casino license just last month, the company has had a point man in Maryland for more than a year.
Lorenzo Creighton was tapped for the job of president and chief operating officer of...
| Jan 15, 2014
| 5:29 AM
An obscure panel of lawmakers unexpectedly shot down video gambling reforms Tuesday, leaving regulators grasping to close loopholes in the lucrative business.
Aaron Jaffe, chairman of the Illinois Gaming Board, which proposed the reforms, said he was...