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Tuesday, June 16, 2009
Maryland Probes Correra's Past
By Mike Gallagher
Journal Staff Writer
Maryland lottery officials are conducting a background investigation into the suitability of a Santa Fe broker caught up in a New Mexico investment probe.
Marc Correra, who recently dropped out as a partner in a planned Raton racino, is a partner in a Maryland firm seeking to operate slot machines in Baltimore, officials there confirmed.
A spokesman for the Maryland Lottery Commission told the Journal that Correra had asked to withdraw from consideration on the slot machine deal there, but the commission wants to complete its background investigation first.
Correra was part of a Maryland proposal that included Toronto developer Michael Moldenhaur, who also is involved in the Raton racino. Moldenhauer is listed as the CEO of Baltimore City Entertainment Group LP and Correra is a minority partner.
The Maryland spokesman said authorities there have been in contact with the New Mexico Gaming Control Board in recent weeks and are keeping an eye on developments.
The Raton racetrack's casino application for a license had been stalled at the Gaming Control Board before a partner said Correra made the decision to withdraw earlier this month.
With Correra out of the picture, the New Mexico Gaming Control Board voted, subject to conditions, to grant Horse Racing at Raton a gaming license for slot machines.
It also approved the involvement of Moldenhaur, the majority owner who plans to break ground for the $50 million racino on June 24. The track already had a license for horse racing.
Correra and Moldenhauer still must reach a formal deal on Correra's exit from the partnership in New Mexico, and that agreement must be approved by the Gaming Control Board.
The spokesman for the Maryland Lottery Commission said the background investigation will include a review of Correra's exit from partnerships in both states.
The Maryland Legislature approved a constitutional amendment two years ago to legalize slot machine parlors in the state, and voters approved the amendment last November.
Correra's problems began
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