Does Maryland casino boom worry Atlantic City?

Atlantic City tourism officials should be getting quite an eyeful on Wednesday. That’s the day New Jersey releases its casino revenue figures. And it just might also be the day when Garden State officials get a sense of how big a bite Maryland’s casinos have taken out of the boardwalk. (Balt. Bus. Journal)

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Maryland casinos' June revenue reaches $66.5 million

Maryland's four casinos took in about $66.5 million in revenue in June, capping a fiscal year in which they far exceeded expectations, the Maryland Lottery and Gaming Control Agency announced Friday. Even with stiff competition from more established gambling destinations in Atlantic City, N.J., and casinos in neighboring Delaware and Pennsylvania, Maryland's nascent industry has exceeded what state financial analysts had anticipated. (Balt. Sun)

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Convenience store competition heats up

Call it the battle of fried chicken versus made-to-order hoagies, both served with a side of gasoline. Competition among convenience store chains in the Baltimore area has heated up as retailers vie to win over consumers by redefining and expanding "convenience." Chains such as Baltimore's own Royal Farms, along with Pennsylvania's Wawa and national chain 7-Eleven, are rushing to build new stores, remodel existing ones, boost assortments of meals to go and, more often than not, sell gas out front. (Balt. Sun)

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Port of Baltimore is vulnerable to cyber attack, Brookings study says

U.S. commerce "would grind to a halt in a matter of days" in the aftermath of a crippling cyberattack that the nation's ports — including Baltimore — are ill-prepared for, according to a new Brookings Institution report. But port officials here and elsewhere dispute the assessment written by Coast Guard Cmdr. Joseph Kramek, who spent a year as a Brookings fellow looking at cybersecurity at six of the nation's busiest waterfronts. (Balt. Sun)

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Pines Plaza bankruptcy causes worry

The owner of the Pines Plaza Shopping Center has filed for bankruptcy, canceling the auction of the property set for last week and further delaying the extension of water and wastewater service to the area. (Daily Times)

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Businesses welcome reprieve from offering insurance

The owners of the Shanty Grille restaurant in Ellicott City breathed a sigh of relief when the Obama administration delayed for a year penalties on businesses that do not provide health insurance to employees. For months, they fretted about how they were going to cover more workers as required by the Affordable Care Act. Complaints by companies much like Shanty Grille prompted the Treasury Department to announce that it would give companies with more than 50 full-time workers more time to understand the law's requirements. (Balt. Sun)

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Carroll County sees slight increase in tourism from Battle of Gettysburg anniversary

Tourism in Carroll County is seeing a boost from the 150th anniversary of the Battle of Gettysburg. Carroll County Tourism Director Bonnie Staub said through some advertising, she hopes people will come to Carroll County. (Carroll Co. Times)

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Analyst: T. Rowe may be swept up in 'ugly' outflow wave

When T. Rowe Price Group Inc. reports its second-quarter earnings on July 24, one analyst who follows the company expects it to report about $3 billion in outflows from its funds during the quarter. Michael Kim, an analyst at Sandler O’Neill & Partners, lowered his rating on T. Rowe shares to “hold” from ‘buy” in a June 28 research note, citing what he expects will be “an unfavorable turnaround” in fund flows for the Baltimore mutual fund giant in the quarter ending June 30. (Balt. Bus. Journal)

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