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Berlin, MD 21811
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Maryland casinos generate $66.2 million in Jan. revenue

Posted On: 2/13/14
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The Maryland Lottery and Gaming Control Agency announced January revenue numbers for the state’s four casinos–Hollywood Casino Perryville in Cecil County, Casino at Ocean Downs in Worcester County, Maryland Live Casino in Anne Arundel County, and Rocky Gap Casino Resort in Allegany County. January’s combined statewide revenue totaled $66,222,363. Casino at Ocean Downs generated $3,170,217 in January, and its gross gaming revenue per unit per day was $127.83. Casino at Ocean Downs’ January 2014 revenue increased by $241,298 or 8 percent, from January 2013. The Casino at Ocean Downs operates 800 slot machines. Hollywood Casino Perryville generated $6,309,491 from both slot machines and table games in January. Gross gaming revenue per unit per day was $148.02 for slot machines, $2,332.58 for banking table games and $413.05 for non-banking table games. Hollywood Casino’s January  revenue increased by $854,379 or 16 percent, from last January. It opera...
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Going for speed, comfort on water

Posted On: 2/13/14
Written By: Sheila R. Cherry, Associate Editor

BERLIN—Just off quiet Friendship Road, a short jump from the frenzied Route 90 corridor leading to Ocean City, Eric Fiori has opened the second location for his company Bayside Jet Drive, L.L.C., a dealership for personal watercraft and jet boats. Some may remember what these toys for water-based adrenaline addicts started out as—basically more fun to watch than to ride, due to the fact that hitting water at top speed on them was like riding a sleigh on concrete. This new generation of personal watercraft comes loaded with an impressive array of comforts and technological upgrades that make them look more like the popular Transformers toys and movie characters than wave skippers. Fiori, who on Feb. 11 was in the process of preparing for the Seaside Boat Show at the Ocean City Convention Center that begins Feb. 14, says his most frequent customers are in the 50 to 70-year-old age group, basically the same baby boomer retirees who make amped-up motorcycles so much fun to ad...
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Funds available for entrepreneurs

Posted On: 2/13/14
Written By: Nancy Powell, Staff Writer Ocean City Today

WORCESTER COUNTY–Some Worcester County entrepreneurs may benefit from more than $500,000 available in loans this year to create new jobs and support business expansion. In 2013, Worcester County’s share of VOLT (Video Lottery Terminal) funds for small, minority and women-owned businesses was $500,000. “We’re looking to get more than that this year,” Merry Mears, deputy director of the county’s Economic Development Department, said. “The casinos have been doing very well,” said Bill Badger, director of the county’s Economic Development Department.   The county’s Economic Development Department partnered with the Anne Arundel Economic Development Corporation, one of three designated fund managers, in seeking the funds. The request for proposals for the new cycle of funds is being negotiated and should be ready soon. This year, she said, the county would not need to re-apply. The loans, which are priced at or below...
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Italian gun manufacturer Beretta chooses Tennessee

Posted On: 2/7/14
Written By: Sheila R. Cherry, Associate Editor

MARYLAND—In direct response to Maryland’s new gun law, executives from Beretta USA, which has operated a manufacturing facility in Accokeek since 1978 and affiliate operations in Pocomoke, announced on Jan. 29 the company has chosen Gallatin, Tenn., as the site for a new $45 million manufacturing facility for a needed expansion of its U.S. operations. Once constructed, the new state-of-the-art plant in the Gallatin Industrial Park is expected to bring 300 new jobs over a five-year period to the town, which is located 30 miles north of Nashville, according to company executives. “The company is expected to complete construction on the facility this year,” a company statement said. So far, company representatives have been vague on whether operations that employ roughly 350 workers in Maryland will close once the new facility is operational. Multiple calls for comment from Bayside Gazette went unanswered. But in an online video interview at a National Rifle As...
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Like Denver, pizza business a bust for Sunday’s big game

Posted On: 2/7/14
Written By: Clara Vaughn Staff Writer/Ocean City Today

Hours before the Seahawks trounced the Broncos in Super Bowl XLVIII last Sunday, workers at Domino’s Pizza on 64th Street prepared for the game day delivery rush, but the boom never came. On a day that’s historically a high point for delivery companies, drivers only answered 43 calls, the pizzeria’s general manager Joshua Price said. “I made sure I staffed heavily and prepared heavily and had plenty of food, but it never really came to fruition, to be honest,” Price said. Delivery spots around town reported similar lags in business this year, blaming the lack of a Maryland team to draw attention to the game or customers’ belief that delivery services would be flooded for the poor showing. “It was actually slow compared to a typically Sunday,” said Dawn James, co-owner of Just Deliveries, which brings fare from sushi and Chinese to Popeyes’ chicken to customers in Berlin, Ocean City, Ocean Pines and Bishopville. With a bolstered...
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Important to research eligibilities before opening new IRA

Posted On: 1/30/14
Written By: Chip Gordy, Contributing Writer

As April 15 approaches, many taxpayers should make sure that they contribute to their IRAs so as to receive the related tax benefit. If you do this, it’s important to make sure that you satisfy the contribution eligibility requirements in order to avoid penalties. Following are some important reminders to help you to meet these requirements. First, you must have eligible compensation in order to be qualified to contribute to an IRA. For IRA purposes, eligible compensation includes wages, salaries, tips, commissions received as a percentage of sales, and taxable alimony. If you are a sole proprietor or a partner in a partnership, your compensation is based on your  net earnings from your business, reduced by contributions to any employer-sponsored plan that you adopt and any deduction allowed for 50 percent of your self-employment taxes. Amounts you receive as interest, annuity, dividends, pension, earnings and profits from property investments, and any amount you exclude...
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Outten sees Berlin as ‘Antiques Capital of the Eastern Shore’

Posted On: 1/23/14
Written By: Sheila R. Cherry, Associate Editor

Outten sees Berlin as ‘Antiques Capital of the Eastern Shore’ BERLIN—Bill Outten is a man with a mission: to help make Berlin the “Antiques Capital of the Eastern Shore” and he is well on his way to accomplishing that goal. Outten launched a soft opening for his new venue “Uptown Antiques” on Jan. 15. The official grand opening is scheduled for Feb. 1, which is intended to give vendors time to finish setting up their assigned booths. He said he is still looking for a coin dealer, estate jewelry vendor, and a retailer who sells vintage clothing from period pieces to hippie era items. The naming of Uptown Antiques has more to do with the atmosphere Outten is trying to convey than the business’s physical location, at 13 South Main Street. After all, the two-story building is located in the former Donaway Furniture store site, with its glass-lined frontage and private parking lot. The new location will feature more upscale items targeted specifically for collectors looking for rare show-worthy finds, with higher...
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Where everyone knows your name…in Berlin

Posted On: 1/2/14
Written By: Sheila R. Cherry, Associate Editor

Where everyone knows your name…in Berlin BERLIN—It’s not that hard to be compelled to hum the theme song from the 1980’s sitcom “Cheers” when walking into the new Burley Inn Tavern, on 16 Pitts Street. One can practically see Cliff and Norm at the end of the bar chatting up Coach and Woody as they pour the drafts. Owner Cody Bates, 28, has no problem with his new venture being compared with the “place where everybody knows your name,” because that is what he is shooting to replicate. During a Dec. 24 interview he said he was trying to create a family restaurant/neighborhood hangout/sports bar atmosphere where all are welcome. “Come in and give me a shot. I promise you won’t leave unhappy, or hungry,” he said between filling orders. As Bates described it, the restaurant is still a work in progress. He opened his doors on Dec. 22 after four sleepless days of setting up. He is waiting to have his signage approved by the Historic District Commission in January and ha...
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Several financial resolutions to consider in 2014

Posted On: 1/2/14
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About 45 percent of Americans usually make New Year’s resolutions, according to a survey from the University of Scranton. But the same survey shows that only 8 percent of us actually keep our resolutions. Perhaps this low success rate isn’t such a tragedy when our resolutions involve issues like losing a little weight or learning a foreign language. But when we make financial resolutions — resolutions that, if achieved, could significantly help us in our pursuit of our important long-term goals — it’s clearly worthwhile to make every effort to follow through. So, what sorts of financial resolutions might one consider? Here are a few possibilities: • Boost contributions to retirement plans. Each year, try to put in a little more to an IRA and 401(k) or other employer-sponsored retirement plans. These tax-advantaged accounts are good options for a retirement savings strategy. • Reduce debts. It’s not always easy to reduce debts, but ma...
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With new year, it’s time to think about how to do it better

Posted On: 12/24/13
Written By: Chip Gordy, MBA, CRPC

As we get ready to start a new year, it’s a good time to push forward and think about all the things you’d like to do better or differently in 2014. As part of your planning for this year, consider taking action to improve your personal finances. To get started, here are some goals for 2014 and how to achieve them: Stick to a budget. You should know exactly where your money’s going and where you might make improvements. I’ve written about this before, and once you get started, it’s not too difficult. What’s not so simple for some? Following through! If you want to break out of the cycle of living paycheck-to-paycheck and learn how to spend within your means, keeping a budget is a smart first step. Pay off debt. There are many strategies out there to help you cut away your debt. You can start by paying down the debt that has the highest interest rate first and then work your way down. Just make sure you’re still making at least the minimum pa...
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