Business

David Cordish is planning to expand his Live Casino & Hotel in Anne Arundel County for the third time since it opened in 2012 — and it comes at a time when the Cordish Cos. is in rapid growth mode across the U.S. The owner of the Hanover-based casino, entertainment hall and luxury hotel is planning to add another development to its footprint in the coming year or so — with a concept and size still being determined, said Cordish, CEO and chairman of Cordish Cos., in a wide-ranging interview with the Baltimore Business Journal this week about the company’s expansion plans.

Under Armour beat earnings and sales expectations in the third quarter and raised its profit outlook for the current fiscal year as footwear and international sales drove growth. But executives said the Baltimore-based athletic apparel and footwear brand finds itself operating in a challenging retail environment while it works through bloated levels of inventory. Under Armour shares fell $1 each — nearly 8.2% — to close Wednesday at $11.22.

The Washington Commanders face another tough season in Richmond, with state Senate budget-writers opposed to Gov. Glenn Youngkin’s plan to spend $500,000 to study ways to lure the National Football League team to Virginia. The Senate Finance and Appropriations Committee has stripped funding for the study from its proposed state budget plan, which comes up for a vote in the full Democratic-controlled Senate on Thursday.

Under Armour Inc. is a brand known for performance athletic apparel. This year the company wants to lay the groundwork for being known for comfort and style. Under Armour for years has talked about diving further into the athleisure space. The company finally gave details on how it plans to expand into what executives call the “live” sector, during its fiscal third quarter call with analysts Wednesday after Under Armour beat Wall Street’s expectations for profit and revenue.

A legislative committee heard over 10 hours of testimony on a series of bills that would regulate specifically who can carry guns in public in Maryland, and where they can go while armed. A bill that would bar guns within 100 feet of courthouses, arenas, hospitals, libraries, hotels and any other “place of public accommodation” drew the most testimony by far, at more than six hours. It’s sponsored by Democratic Sen. Jeff Waldstreicher of Montgomery County.

Edtech player 2U Inc. (NASDAQ: TWOU) has completed the bulk of a corporate realignment that it hopes will yield 3% revenue growth for this year, compared with last year’s 2% growth, while substantially axing losses as it continues to work toward profitability and roll out new online degree and credentialing programs for university customers. The Lanham-based company spent the second part of last year slimming down, modifying its leadership team and restructuring to focus on the edX Inc. online education platform it bought for $800 million in 2021.

A Baltimore-based food manufacturer is recalling hundreds of ready-to-eat sandwiches, salads, yogurts, wraps and other products because they may be contaminated with listeria, the Food and Drug Administration announced last week. Fresh Ideation Food Group LLC, based in Lakeland in South Baltimore, issued the voluntary recall Friday after routine monitoring of its facility found the possible presence of listeria, according to an automated message on the company’s main phone line.

WRNR, a beloved Annapolis adult alternative station, will cease broadcasting at midnight on Saturday, said Steve Kingston, who has owned the station since 1998. The Federal Communications Commission approved in January the transfer of 103.1 FM from WRNR to Peter and John Radio Fellowship, a nonprofit that oversees Maryland’s largest evangelical Christian broadcasting network.

How much is a Maryland medical dispensary license worth? One deal in Cumberland might give a clue into the value of a license now that legal recreational use is on the horizon. TerrAscend, a Canadian company with operations in multiple states, purchased 100% of the equity of Allegany Medical Marijuana Dispensary for $10 million late last month. The real estate of the dispensary is not included in the deal. Instead, TerrAscend is entering into a long-term lease, with the option to eventually purchase Allegany Medical Marijuana Dispensary’s location at 100 Beall St. in Cumberland. The dispensary generated net revenues in excess of $8 million in 2022, according to a release.