MGM - Casinos look to Maryland for sports betting approval

Union Gaming says the biggest election opportunity for the sports betting industry is in Maryland. DeCree notes the state is significant due to the demographics, the propensity to wager and strong overall sports following. "With neighboring jurisdictions like Washington, DC, Delaware, Pennsylvania, New Jersey, and West Virginia all up and running with sports betting, we believe Maryland voters will support this amendment. Our favorable outlook on this one is also supported by overwhelming support in the legislature where the Senate approved the bill 47-0 and the House 129-3," previews analyst John DeCree on next week's vote. Decree thinks legalization of sports betting in Maryland would be a big step forward for MGM Resorts ([[MGM]] -4.6%), Caesars Entertainment ([[CZR]] -3.0%), Penn National Gaming ([[PENN]] -3.8%), Golden Entertainment ([[GDEN]]) and Churchill Downs ([[CHDN]] -1.3%). All of those companies already have operations in the state, except for PENN which has an option to

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Casinos look to Maryland for sports betting approval