Atlantic City’s losing streak, as more states compete for gambling revenue and jobs

Atlantic City, the erstwhile East Coast gambling mecca, is on an epic losing streak; over the past six years, competitive and economic forces have crushed the local casino economy, driving revenues down more than 40 percent. Once, the city that inspired the board game Monopoly had its own gambling monopoly on this side of the country. Now, it’s more Marvin Gardens than Boardwalk, with states from Maryland to Maine lining up to join the high-stakes game for tax revenues and middle-class jobs. (Wash. Post)

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Annapolis-based TCS launches public safety package 

TeleCommunication Systems Inc., of Annapolis, a provider of secure mobile communication technology, unveiled ESP Cyber Solutions for Public Safety, a portfolio of security and protection services designed to meet the specific needs of public safety organizations. (Daily Record)

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Economists blame sequestration for rise in state's jobless rate

Employers in Maryland cut 9,200 jobs in July, pushing the state's unemployment rate up to 7.1 percent, the U.S. Department of Labor said Monday. Economists blame Maryland's weaker showing on sequestration — $85 billion in federal across-the-board spending cuts during March through September. (Balt. Sun)

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StubHub gets FedEx Field naming rights

Online ticket seller StubHub joins FedEx as a naming rights partner at FedEx Field, with the premium club level at the stadium now called the StubHub Club Level. The deal runs through 2018. Financial terms weren’t disclosed. (Wash. Bus. Journal)

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Aribtron, Nielsen deal awaits ruling as FTC takes harder stance on mergers

Arbitron Inc.’s $1.26 billion merger with Nielsen Holdings N.V. could soon be ruled on by the Federal Trade Commission. The FTC is required to sign off on the deal in order to determine that the merger of the two companies would not be anti-competitive. (Balt. Bus. Journal)

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Howard Bank closes deal to buy Cecil Bank branch in Aberdeen

Howard Bank said Monday it has completed a deal to acquire a branch in Aberdeen from Cecil Bank. The deal gives Ellicott City-based Howard its first branch in Harford County. Howard will pick up $37.1 million in loans and $35.2 million in deposits, as part of the deal. (Balt. Bus. Journal)

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August 19 // Loss of Otakon points to future challenges for Baltimore's convention business

Even after losing Otakon, the city's biggest convention, Visit Baltimore promoted its success booking future conventions last week. Baltimore's tourism business ticked up somewhat in fiscal year 2013, which ended June 30. Visit Baltimore, the city's convention and visitors bureau, said it sold 477,764 convention room nights for future dates, the third-most of all time. Still, the loss of the giant anime convention demonstrates the need for the city to expand and refresh its convention center in the next decade as business travel rebounds, city officials said. (Balt. Sun)

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Some health care executives get bigger pay packages

Many Maryland hospital and health system CEOs received pay increases in recent years even as they complained of shrinking profit margins and warned of cutbacks unless they could increase the rates they charge. (Balt. Sun)

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