Penn National not satisfied with slot revenue allocation - 2004-02-27
Penn National Gaming Inc. cautioned Friday that a proposal forwarded to the Maine Legislature that would cut the racetrack casino operator's slot profits could jeopardize plans for a $30 million project at the Bangor Raceway.
The proposal authorized by the Legal and Veterans Affairs Committee this week would cut the racino operator's slot revenues from 75 percent under the legislation authorized by constituents in November to 61 percent.
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