dc. Posted February 4, 2009 Share Posted February 4, 2009 http://www.baltimoresun.com/news/local/pol...0,7049352.story First... this pay-to-play shit is ridiculous... as I understand it, companies are supposed to pay fees on applications in the MILLIONS of dollars? How about we apply... if you say yes, we'll give you the 22.5 mil. But thanks to years in delays and a horrid, horrid plan for slots... we got 6 bids (2 incomplete) for 5 locations and 1 bid that was less than 1/5 of what it was expected to be. Sweeeeeeet. So, looks like we still won't have slots. We still won't have income. And now officials have the nerve to blame the slot companies for not providing them with "the expected revenues." Well, shucks. And, our dear Gov O'Malley will have a few 100m more in budget shortfalls, I guess. Yikes. That's not good news. But maybe if he had been pro-slot 4 years ago, you know, when we were being warned about budget shortfalls and he wasn't the governor, maybe we could have avoided all this. Instead, now you look two faced for flipping sides on an issue AND (this is my favorite part) you're still going to be screwed over because we'll still have no slots, you'll still have no revenue and the state will FLOP under your leadership!!! Oh, too much fun. Quote Link to comment Share on other sites More sharing options...
cokedupwerewolf Posted February 4, 2009 Share Posted February 4, 2009 Maybe they should allow bars to have them like they have them now and this wouldn't be a problem. Quote Link to comment Share on other sites More sharing options...
Spen Posted February 4, 2009 Share Posted February 4, 2009 Maybe they should allow bars to have them like they have them now and this wouldn't be a problem. Yeah but they dont pay out. That would be illegal. ;) BTW did you ever get your DVD recorded? Quote Link to comment Share on other sites More sharing options...
cokedupwerewolf Posted February 4, 2009 Share Posted February 4, 2009 Yeah but they dont pay out. That would be illegal. ;) BTW did you ever get your DVD recorded? WOW SPN talk about reading my mind. Quote Link to comment Share on other sites More sharing options...
Spen Posted February 4, 2009 Share Posted February 4, 2009 WOW SPN talk about reading my mind. LOL weird. Quote Link to comment Share on other sites More sharing options...
cravnravn Posted February 4, 2009 Share Posted February 4, 2009 Bars do have them, they say they dont pay off, but be a regular in that particular bar..THEY DO PAY OFF.. Quote Link to comment Share on other sites More sharing options...
cravnravn Posted February 4, 2009 Share Posted February 4, 2009 First... this pay-to-play shit is ridiculous... as I understand it, companies are supposed to pay fees on applications in the MILLIONS of dollars? How about we apply... I could be wrong DC, but as I understand it it cost 6 million dollars for the right to get X amount of machines..Then you must build a building to meet the States Standards, or have a bldg in place (Laurel Park) that meets their standards. Quote Link to comment Share on other sites More sharing options...
dc. Posted February 4, 2009 Author Share Posted February 4, 2009 No no no... they say pretty directly in the article and over and over in everything I've read... that the state wants money for the application. The state was expecting 90-100m in application fees yesterday... and got just 30-40 because (a) of the lack of applications and (B) because two applications were not paying the fee. I mean, maybe this isn't uncommon when it comes to building gambling sites... but when the state is taking 70% of revenue too, they want a bonus 20-30m up front from every investor, just to APPLY to build. The interviews in the article were saying over and over... "I don't know how we can consider them serious investors if they can't even file the application appropriately." Though one applicant did say that they didn't include the fee because their application was dependent on the state changing some things (such as that 70% rev cut) Quote Link to comment Share on other sites More sharing options...
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