Greenwood Wins Conditional OK For $800M Md. Casino

Law360, New York (October 11, 2013, 2:52 PM EDT) -- Greenwood Racing Inc. got the green light Thursday to continue its pursuit of a Maryland gaming license under the condition that the company distance itself from a former gaming mogul convicted of money laundering.

The Maryland State Lottery & Gaming Control Commission gave Greenwood permission to move forward with its $800 million plan and deemed two competing proposals as suitable, but Greenwood's green light came with a caveat that chairman Robert W. Green end his relationship with former business partner Robert Brennan.

The commission expressed concern...
To view the full article, register now.