2 Casino Stocks with Critical Voting Today

The battle continues between Penn National Gaming (NASDAQ:PENN) and MGM Resorts International (NYSE:MGM) over expanded gambling in Maryland.

Earlier this year, the Maryland General Assembly passed legislation that could allow a new casino to be constructed in Prince George’s County. This would also be expanded into table games such as black jack and roulette.

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So what’s the big deal? Penn National Gaming is opposed to the measure, also called Question 7, as it might suffer financial losses if MGM were to expand its territory in the region. MGM plans to open a new casino at National Harbor if voters support the legislation.

Both parties have to wait as voters cast their ballots on Tuesday. Both casinos have spent more than $87 million in an attempt to convince them.

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