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US state of Maryland boasts bumper casino returns

Wed, Jan 9, 10:41am by Staff Writer

Revenue at casinos in the American state of Maryland increased in December 2018 according to figures released by the state’s Lottery and Gaming Agency.

The agency revealed that Maryland’s six casinos netted $148.4 million in revenue, which was $7.3 million more than the same time a year ago, representing a 5.2 per cent rise.

Five of the state’s six casinos experienced revenue increases last month, with the Horseshoe Casino in Baltimore being the only exception.

Total gaming revenue for the 2018 calendar year was up 8.1 per cent in Maryland to $1.746 billion.

Slots revenue saw a rise to $1.1 billion from under $1 billion a year ago, while table game revenue spiked 6.3 per cent.

Casino gaming revenue contributed more than $61 million to Maryland state coffers in December, with $45 million going towards the Education Trust Fund according to USA Online Casino.

The remainder of the funds are distributed to the local communities where the six privately owned casinos are situated, as well as Maryland’s horse racing and pari-mutuel industry.

MGM and Ocean Downs among the best performers in December

The states market leading venue, MGM Resorts’ National Harbor’s revenue rose six per cent in December to $59.9 million, up 15.8 per cent on its first year figure after opening in 2016.

The MGM National Harbor is located in Oxon Hill, Maryland and was built for US$1.4 billion.

It features a 23-storey hotel with 308 rooms as well as more than 12,000 square metres of gaming space.

The venue has hosted American singers Cher and Britney Spears in recent years as well as the 66th edition of the Miss World pageant in 2016.

Cordish Gaming’s Live! Casino & Hotel saw its December revenue rise 6 per cent to just over $50 million, with its annual take rising 5.3 per cent to $575 million.

Live! Opened in 2012 and included 3,200 slot machines and electronic games.

A second phase of the casino opened in late 2012 to bring the total number of machines to 4,750.

The casino debuted 122 table games including blackjack, roulette and poker in 2013, while a 52-table poker room was added in 2013.

Hollywood Casino Perryville’s December revenue was up 9.2 per cent to $6.3 million with annual revenue at $75.6 million.

Rocky Gap was up 17 per cent in December, but its 2018 figures improved less than $1 million to $54.7 million.

Ocean Downs was the biggest mover of the six Maryland casinos with revenue rocketing by 45.2 per cent in December.

This is attributed to the fact that the casino just opened its table games in December 2017 and took only $54,000 from this part of their business a year ago.

The Horseshoe Casino in Baltimore was the only casino in Maryland to record a loss in December, with a 7.2 per cent dip in revenue.

It continues a rough stretch for the Caesars Entertainment owned casino, which has dropped 4.2 per cent since 2017 to annual revenue of $270 million.

December’s figure is an improvement on November’s 14.2 per cent decline.

The Horseshoe is the second largest casino in Maryland and opened in 2014.

It is located near Baltimore’s professional sports venues M&T Bank Stadium and Camden Yards.


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