Magna did not pay fee in slots bid

[-BT-]

it gets weirder and weirder


http://www.drf.com/news/article/101431.html

-bt-

[smuthg]

I'm not sure I understand what the $28.5 Mil fee was for. I can't imagine that it was merely to get the state to consider their bid.

[Cannon Shell]

Originally Posted by smuthg

I'm not sure I understand what the $28.5 Mil fee was for. I can't imagine that it was merely to get the state to consider their bid.

I believe that is simply for consideration. The impact from the slots in MD on racing and the state in general will be small simply because as usual the politicians have their heads up their asses. A 67% tax? Disgraceful.

Magna probably didnt want to bounce a check so they didnt bother giving up one.

[smuthg]

Originally Posted by Cannon Shell

Magna probably didnt want to bounce a check so they didnt bother giving up one.

very good point.

[phystech]

Originally Posted by smuthg

I'm not sure I understand what the $28.5 Mil fee was for. I can't imagine that it was merely to get the state to consider their bid.

Guess it was like "earnest" money, like when you submit a contract for consideration to buy a house.

Can't believe Magna had large enough balls to make application and not write the required check. Even more difficult to believe is that the slots board would accept the app without the check.

[phystech]

Originally Posted by Cannon Shell

I believe that is simply for consideration. The impact from the slots in MD on racing and the state in general will be small simply because as usual the politicians have their heads up their asses. A 67% tax? Disgraceful.

Magna probably didnt want to bounce a check so they didnt bother giving up one.

Every single thing the MD Dem pols have done regarding slots has been disgraceful so why wouldn't the taxation of the revenue be the same?

Add to that the owner of the Baltimore City slots location has to pay $36mil a year in rent to Baltimore for renting the property the slots facility will sit on. And the rent fee was decided by a Dem mayor who stands accused of spending donated gift cards intended for the needy, on herself at Christmas.

And I'll wager all of license bids submitted, with the exception of the Magna bid, will be from a group that will include a member of the MD Democratic party leadership or former MD Dem politician that was agaisnt passing slots when a Rep Gov was in place.

[-BT-]

http://news.bloodhorse.com/article/49152.htm

more people hate poor old frank, shame shame

-bt-