who owns maryland live casino

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who owns maryland live casino

Maryland Live Casino, one of the premier gaming destinations in the Mid-Atlantic region, has a rich history and a complex ownership structure. Understanding who owns this casino involves delving into the corporate entities and partnerships that have shaped its development and operation.

The Cordish Companies

Overview

The primary owner of Maryland Live Casino is The Cordish Companies, a family-owned business with a long-standing reputation in the real estate and entertainment industries. Founded in 1910 by Morris Cordish, the company has grown significantly under the leadership of his descendants, particularly under the stewardship of Chairman David Cordish.

Key Contributions

• Development Expertise: The Cordish Companies are known for their expertise in developing large-scale, mixed-use projects that include residential, commercial, and entertainment components.
• Entertainment Districts: They are behind several successful entertainment districts across the United States, including Power Plant Live! in Baltimore and The District in St. Louis.

The Casino’s Evolution

Initial Development

Maryland Live Casino was initially developed as part of the Arundel Mills Mall complex. The Cordish Companies, in partnership with other stakeholders, envisioned a destination that would combine retail, dining, and entertainment, with gaming as a central attraction.

Opening and Expansion

• 2012 Opening: The casino officially opened its doors in June 2012, featuring a vast array of electronic slot machines and table games.
• Expansion: Over the years, Maryland Live Casino has undergone several expansions, including the addition of a hotel, more gaming space, and a variety of dining and entertainment options.

Partnerships and Collaborations

Anne Arundel County

Maryland Live Casino operates under a partnership with Anne Arundel County, which granted the necessary licenses and permits for the casino’s operation. This partnership ensures that the casino adheres to local regulations and contributes to the community through various initiatives.

Other Stakeholders

• Maryland Lottery and Gaming Control Agency: The regulatory body that oversees all gaming activities in the state, ensuring compliance with state laws and regulations.
• Local Businesses and Community Groups: Collaborations with local businesses and community groups help in promoting the casino as a community asset and in supporting local economic development.

Corporate Structure

Cordish Gaming Group

The Cordish Companies have a dedicated division, Cordish Gaming Group, that manages their gaming and casino operations. This division is responsible for the day-to-day management of Maryland Live Casino, ensuring that it operates efficiently and meets the high standards set by the Cordish family.

Leadership

• David Cordish: As Chairman of The Cordish Companies, David Cordish plays a pivotal role in the strategic direction of Maryland Live Casino.
• Executive Team: The casino is managed by a team of experienced professionals who oversee various aspects of its operation, from gaming to hospitality.

Maryland Live Casino is owned and operated by The Cordish Companies, a renowned family-owned business with a legacy of successful development projects. Through strategic partnerships and a commitment to excellence, the casino has become a cornerstone of the local entertainment and gaming industry. Understanding its ownership and operational structure provides insight into the vision and dedication that have made Maryland Live Casino a success.

who owns maryland live casino

Maryland Live Casino, one of the premier gaming destinations in the United States, is a sprawling entertainment complex that offers a wide array of gambling options, dining experiences, and live events. But who is the mastermind behind this impressive establishment? Let’s delve into the ownership and management of Maryland Live Casino.

The Cordish Companies: The Driving Force Behind Maryland Live Casino

Maryland Live Casino is owned and operated by The Cordish Companies, a renowned global leader in the entertainment and real estate development industry. Founded in 1910 by the Cordish family, the company has grown into a multi-billion-dollar enterprise with a diverse portfolio of projects across the United States.

Key Facts About The Cordish Companies

• Founded: 1910
• Founder: Simon Cordish
• Headquarters: Baltimore, Maryland
• Core Business: Real estate development, entertainment districts, casinos, and hospitality
• Notable Projects: Power Plant Live!, Kansas City Power & Light District, and Xfinity Live! in Philadelphia

The Evolution of Maryland Live Casino

Maryland Live Casino has undergone significant transformations since its inception, all under the watchful eye of The Cordish Companies. Here’s a brief timeline of its evolution:

2012: Opening of Maryland Live Casino

• Opening Date: June 6, 2012
• Initial Features: 3,200 slot machines, 140 table games, and a poker room
• Location: Arundel Mills, Hanover, Maryland

2013: Expansion and Additions

• New Features: Addition of a 1,500-seat Live! CenterStage, a luxury Live! Lofts hotel, and more dining options
• Impact: Enhanced the casino’s appeal as a full-fledged entertainment destination

2018: Live! Casino & Hotel

• Expansion: The casino was rebranded as Live! Casino & Hotel, featuring a 17-story, 310-room luxury hotel
• Additional Amenities: Expanded gaming floor, new restaurants, and a flagship event center

The Cordish Companies’ Vision for Maryland Live Casino

The Cordish Companies have consistently aimed to elevate Maryland Live Casino to new heights, not just as a gambling venue, but as a comprehensive entertainment hub. Their strategic investments in luxury accommodations, diverse dining options, and state-of-the-art facilities have solidified Maryland Live Casino’s position as a top destination in the Mid-Atlantic region.

Key Strategies and Achievements

• Diversification: Offering a wide range of entertainment options beyond gambling, including live music, sports viewing parties, and special events.
• Community Engagement: Actively participating in local community initiatives and charitable events.
• Technological Advancements: Implementing cutting-edge technology for a seamless and enjoyable guest experience.

Maryland Live Casino stands as a testament to The Cordish Companies’ expertise in creating world-class entertainment destinations. With a rich history of innovation and a commitment to excellence, the Cordish family continues to shape the future of Maryland Live Casino, ensuring it remains a beacon of entertainment and luxury for years to come.

owner of maryland live casino

Introduction

The Maryland Live Casino, located in Hanover, Maryland, is a popular destination for entertainment and gaming enthusiasts. As one of the largest casinos on the East Coast, it offers an extensive range of games, dining options, and live events. In this article, we will delve into the details of the casino’s ownership structure, providing insights into who owns the property and what role they play in its operation.

Ownership Structure

Maryland Live Casino is owned by The Cordish Companies, a well-established real estate development company based in Baltimore, Maryland. The Cordish Companies have been instrumental in transforming the gaming landscape in Maryland since 2010, when they opened their first casino, the Live! Casino & Hotel in Hanover. Under their ownership, the property has undergone several expansions and renovations, solidifying its position as a leading entertainment destination in the region.

History of Ownership

The history of ownership for Maryland Live Casino dates back to 2010, when The Cordish Companies acquired the land and began construction on the facility. The casino officially opened its doors in June 2012, with an initial investment of $500 million. Since then, the property has undergone multiple expansions, including a major renovation in 2020 that added new gaming areas, restaurants, and entertainment options.

Key Players Involved

Several key players are involved in the ownership structure of Maryland Live Casino:

• The Cordish Companies: As the primary owner, The Cordish Companies hold the majority stake in the casino. Their leadership team, led by Joseph H. Weinberg Jr., oversees the day-to-day operations and strategic decisions.
• Penn National Gaming: In 2013, Penn National Gaming acquired a minority stake in the casino, providing access to their vast gaming network and resources.

Impact on the Local Community

Maryland Live Casino has had a significant impact on the local community since its opening. The property has created hundreds of jobs, generated substantial tax revenue for the state and county, and contributed to the revitalization of the surrounding area. The casino’s success has also led to increased investment in the region, with new developments and businesses springing up around it.

In conclusion, Maryland Live Casino is owned by The Cordish Companies, a leading real estate development company based in Baltimore, Maryland. With their expertise and resources, they have transformed the property into a thriving entertainment destination on the East Coast. As one of the largest casinos in the region, it continues to attract visitors from far and wide, providing a unique experience that combines gaming, dining, and live events under one roof.

hotels around maryland live casino

Maryland Live Casino, located in Hanover, Maryland, is a premier destination for gaming enthusiasts. Whether you’re visiting for a night of excitement or planning an extended stay, finding the right hotel nearby can enhance your experience. Here’s a guide to some of the best hotels around Maryland Live Casino.

Top Hotels Near Maryland Live Casino

1. Hilton Baltimore BWI Airport

• Distance: Approximately 5 miles from Maryland Live Casino
• Features: Modern rooms, fitness center, indoor pool, and on-site dining options.
• Why Stay Here: Ideal for travelers who value convenience and comfort, especially those arriving by air.

2. Live! Casino & Hotel

• Distance: On-site
• Features: Luxury rooms and suites, multiple dining options, spa, and direct access to the casino.
• Why Stay Here: Perfect for those who want to be in the heart of the action with all amenities at their doorstep.

3. Hampton Inn & Suites Arundel Mills/Baltimore

• Distance: About 2 miles from Maryland Live Casino
• Features: Complimentary breakfast, fitness center, and free Wi-Fi.
• Why Stay Here: Offers a balance of affordability and comfort, with easy access to the casino.

4. Residence Inn by Marriott Arundel Mills BWI Airport

• Distance: Approximately 2 miles from Maryland Live Casino
• Features: Spacious suites with full kitchens, complimentary breakfast, and an outdoor pool.
• Why Stay Here: Great for extended stays or families, providing a home-like environment.

5. SpringHill Suites Arundel Mills BWI Airport

• Distance: About 2 miles from Maryland Live Casino
• Features: Modern suites, fitness center, and free breakfast.
• Why Stay Here: Offers a comfortable and stylish stay with added space and amenities.

Additional Considerations

Transportation Options

• Shuttle Services: Some hotels offer complimentary shuttle services to and from the casino.
• Ride-Sharing: Services like Uber and Lyft are readily available in the area.
• Parking: Maryland Live Casino offers ample parking, which can be convenient if you prefer driving.

Dining and Entertainment

• On-Site Dining: Many hotels offer on-site dining options, but you’re also within walking distance of numerous restaurants and entertainment venues at the casino.
• Nightlife: Enjoy live music, bars, and lounges both at the casino and in nearby hotels.

Special Packages

• Casino Packages: Some hotels offer special packages that include casino credits or dining vouchers.
• Stay and Play: Look for deals that combine accommodation with gaming or entertainment experiences.

Whether you’re a frequent visitor or a first-timer, choosing the right hotel near Maryland Live Casino can significantly enhance your experience. Consider factors like proximity, amenities, and special offers to find the perfect place to stay. With a variety of options available, you’re sure to find a hotel that meets your needs and preferences.