Business

12:15pm

Wed March 25, 2015
Casino Construction

Gov. Larry Hogan to speak at casino workforce celebration

OXON HILL, Md. (AP) — Maryland Gov. Larry Hogan is helping to celebrate a milestone with the MGM National Harbor resort and casino.

On Wednesday, the governor is offering remarks during the MGM Resorts International's 1,000th member construction workforce celebration.

The $925 million project was projected last year to bring about 2,000 construction jobs and 4,000 permanent jobs.

The plans for the site include a casino that can hold 3,600 slot machines and 140 table games. Officials said it could open as early as 2016.

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12:39pm

Tue March 24, 2015
Port Revenue

Port of Virginia reports $560,000 operating loss in February

NEWPORT NEWS, Va. (AP) — Virginia Port Authority officials say revenues took a hit from bad weather in February.

The Daily Press says officials reported a February operating loss of $560,000 at an authority board meeting on Tuesday.

Authority CEO and executive director John F. Reinhart says a winter storm affected every phase of the port's operation.

The port closed for four days in February because of the weather. Bitter cold and icy conditions hampered productivity when operations resumed.

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12:33pm

Tue March 24, 2015
Hogan-Business

Maryland governor to speak at business luncheon

HANOVER, Md. (AP) — Gov. Larry Hogan is scheduled to talk about the state's business climate.

Hogan, a Republican, is slated to speak at the Maryland Business for Responsive Government luncheon in Hanover on Tuesday.

The statewide group is supported by corporations, trade associations and chambers of commerce.

Maryland business leaders will be in attendance.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

7:47pm

Fri March 20, 2015
Revenue Review Panel

Review panel continues to eye Delaware tax structure

NEW CASTLE, Del. (AP) — A panel exploring how to make Delaware's revenue portfolio less unpredictable and more reflective of economic conditions is taking a close look at the state's reliance on abandoned property collections and lottery revenue.

Friday's meeting of the Structural Revenue Review Committee includes a background examination and outlook at the abandoned property, or escheat system.

The panel also will look at the bank franchise tax system, as well as lottery and casino gambling.

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3:36pm

Thu March 12, 2015
Casino Merger

Md. casino owner touts benefits of merger with Nevada firm

HAGERSTOWN, Md. (AP) — The owner of western Maryland's Rocky Gap Casino Resort says its pending merger with a privately held Nevada gambling company will benefit shareholders tremendously.

Lakes Entertainment Inc. CEO Lyle Berman touted the deal Thursday in a conference call about fourth-quarter earnings.

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