Casino investors have no plans to block owner info

Posted Oct. 27, 2011, at 10:41 a.m.

OXFORD, Maine — The development group behind an under-construction casino in Oxford said it won’t try and stop full disclosure of its ownership.

The state Gambling Control Board ruled earlier this week that Black Bear Development LLC could no longer keep the names of its owners, and the percentage of ownership, a secret.

A lawyer for Black Bear argued that disclosing names would be a violation of privacy and would unveil proprietary trade secrets.

The board’s decision was made effective Nov. 8, giving Black Bear time to appeal the decision in court.

But Black Bear issued a statement on Wednesday saying it respected the board’s decision and had no intention of pursuing the matter further.

The casino is scheduled to open in the spring.

 

SEE COMMENTS →

ADVERTISEMENT | Grow your business
ADVERTISEMENT | Grow your business