Wednesday, October 23, 2024 | Baltimore, MD
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PG Executive Alsobrooks: ‘Our county is at an unprecedented crossroads’

At the start of the COVID-19 pandemic, 48,000 Prince George’s County residents — more than 5.0% of the county’s population — lost their jobs. But now, Prince George’s County is months away from bringing its employment rate back to pre-pandemic levels, said Angela Alsobrooks, Prince George’s County executive.  Alsobrooks, a Democrat, lauded the state’s recovery from the economic effects of the pandemic on Tuesday morning at the county’s 2022 State of the Economy Breakfast and Address, an annual fundraiser for the Prince George’s County Economic Development Corporation and the Greater Prince George’s Business Roundtable that hasn’t been held in person in over three years due to the pandemic.  

Gaming Innovation Group signs gambling platform deal with Crab Sports in Md.

Gaming Innovation Group Inc. (GiG) on Tuesday announced it has signed a head of terms agreement with Maryland-based sports betting brand Crab Sports to provide its award-winning Platform and Sportsbook solution in the state. This is the first deal in the U.S. for the new and expanded offering of GiG and Sportnco. Powered by its leading technology and flexible architecture, this turnkey solution includes the technical platform, CMS and the recently acquired Sportnco Sportsbook, all powered by GiG’s unique data and GiG Logic rules-based solutions.

Cecil County hotel property near Great Wolf Lodge site hits market

The 109-room Days Inn by Wyndham hotel about a mile from the new Great Wolf Lodge in Perryville is up for grabs. The 43,274-square-foot, two-story hotel will be auctioned on June 22 by a group of substitute trustees. The eight-acre property sits in a sweet spot of Cecil County now in the midst of a development boom. The site at 61 Heather Lane is just off Interstate 95 and Route 222 near the abandoned suburban outlet mall, Perryville Outlets.

Margaritaville Moves Ahead After Three OC Council Approvals

After much debate, resort officials this week approved three separate proposals inching the Margaritaville project closer to fruition. The Mayor and Council on Monday had before them one request from the Margaritaville developer to convey a portion of the Baltimore Avenue corridor to them in order to meet the minimum lot-size requirements for a planned overlay district (POD). The council also reviewed the conveyance of air rights over a city-owned alley, and another that would allow for a comprehensive parking management system, or valet service, allowing tandem, or stacked, parking in order to meet the minimum number of spaces required.

Read More: The Dispatch
After rough run, Kohl’s surges on potential takeover

The Wisconsin chain said it was in a three-week exclusive takeover period with the owner of Vitamin Shoppe for $60 per share. The potential buyer, the Franchise Group Inc., which focuses on franchise companies, will make final financing arrangements and complete due diligence before signing off on the deal during that period. Last month Kohl’s CEO Michelle Gass said that the company had received multiple offers from parties looking to buy the business. At the time the department store chain said that its board was working with Goldman Sachs to explore strategic alternatives, which had included engaging with 25 parties. The board had requested fully financed final bids to be submitted.

Read More: Baltimore Sun
Maryland’s seafood industry needs more visas for foreign workers. Will Congress help?

Crabs are a summer tradition for many Maryland families, but prices may be up this year, depending on whether the state’s seafood businesses win a federal lottery for visas for foreign workers. That visa system, local restaurant owners say, “needs an update.” Jack Brooks, co-owner of the J.M. Clayton Co., is a veteran of the Maryland seafood industry. His family has been in the business since his great-grandfather started the Cambridge-based company in 1890. Staffing shortages because of a national visa system for international workers, which Brooks calls “broken,” are putting the bay’s businesses in jeopardy, seafood industry members say.

Read More: Delmarva Now
Gaming Revenues From Maryland Casinos Top $178 Million In May, 2nd Best Month Yet

Maryland’s casinos raked in $178.8 million in gaming revenue in May, the Maryland Lottery and Gaming Control Commission said Monday, making it the state casino program’s second-best month ever. It’s an increase of 3.7% compared to May 2021. More than $73.4 million of those revenues, or roughly 40%, were contributed to the state’s coffers. The state’s six casinos generated over $53.4 million for Maryland’s Education Trust Fund (ETF), which is $137,334 more than the ETF contributions during the same period last year, according to the gaming commission.

Read More: WJZ
Baltimore-Based Under Armour Booted From The S&P 500

Sportswear giant Under Armour Inc. has been booted from the S&P 500 and replaced, the S&P Dow Jones Indices announced Monday. The Baltimore company and IPG Photonics Corp are moving down to the S&P MidCap 400 list. Rising to replace them in the S&P 500 are Keurig Dr Pepper Inc. and ON Semiconductor Corp. The development comes after Under Armour reported a loss of $59.6 million in the first three months of the year last month.

Read More: WJZ
Md. high court will hear Montgomery Park’s bid for insurance administration lease

The Montgomery Park building’s back-and-forth legal battle to reopen the bidding for the Maryland Insurance Administration’s lucrative Baltimore lease will go before the state’s top court. The Court of Appeals on Friday agreed to hear Montgomery Park’s challenge to a lower court ruling that the Department of General Services, the state’s leasing agency, validly renewed MIA’s lease and withdrew its request for bids even though Montgomery Park had a competitive offer on the table.

Greenland Technologies picked Md. for its first U.S. manufacturing site. Here’s what it’s looking for next.

In its search for a site to open its first U.S. manufacturing facility, Greenland Technologies Holding Corp. found everything it needed in Maryland — a strong workforce, robust logistical network and a shared commitment to clean energy. CEO Raymond Wang said the company visited a lot of states, but it was Maryland that went “above and beyond” to secure a deal for Greenland Technologies (NASDAQ: GTEC) to open a 54,000-square-foot production center at the Nottingham Ridge Logistics Center in White Marsh next month.

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