A proposed slots casino in Baltimore is moving into a bigger home. According to The Daily Record, city officials and two developers reached a deal to allow Baltimore City Entertainment Group LP to build the casino on the former site of Maryland Chemical Co. Inc., an area whose size will allow for about 3,750 slot machines.
In February, BCEG applied for a casino of about 500 machines, to be built on a three-acre, city-owned parking lot near M&T Bank Stadium. The new 11-acre site was scheduled to become the $200 million mixed-use development Gateway South. City officials said that if it's gambling license is approved, BCEG will build the casino and buy out Gateway South team's $13.25 million interest in the rest of the site.
Bethesda-based gaming consultant Jeffrey Hooke told The Daily Record that a bigger facility could its increase revenues by 10 percent to 15 percent. Based on the maximum number of slot machines installed in the casino, the Baltimore Development Corp. is projecting that the casino could add $20.8 million in ground rents and taxes to the city in the first year.
A state commission is expected to make decisions on slot licenses in the fall.