Lakes Entertainment wins video gaming license in Maryland
- Article by: JANET MOORE
- Star Tribune
- April 27, 2012 - 1:24 PM
Lakes Entertainment Inc. said Friday a subsidiary has been awarded a video lottery license for the Rocky Gap Lodge & Golf Resort in western Maryland.The Maryland Video Lottery Facility Location Commission unanimously agreed on Thursday to award the license to Evitts Resort, a subsidiary of Plymouth-based Lakes Entertainment, which develops and manages casinos. The lodge and resort are located in Cumberland, Md.
Lakes Entertainment CEO Lyle Berman said in a statement that the company's proposal includes purchasing the existing lodge and resort, which includes a 215-room hotel, a convention center, spa, two restaurants and the only Jack Nicklaus golf course in Maryland.
Plans include expanding parking and constructing about 50,000 square feet of new space -- room for at least 850 video lottery terminals, a new restaurant and a live-entertainment bar.
Chief Financial Officer Tim Cope said that Maryland State Board of Public Works still needs to approve the company's purchase of the resort from the Maryland Economic Development Corp. as well as a ground lease for the property with the state's Department of Natural Resources before the firm can proceed with the project.
Janet Moore • 612-673-7752
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