CASINO

Maryland casinos continue torrid revenue pace in November

TAGs: casinos, Maryland, Maryland Live!

Maryland casinos continue torrid revenue pace in NovemberMaryland’s casinos continue to rake in the big bucks, an impressive run of high revenue earnings throughout the year. At the close of November, the state’s four casinos generated $66.8 million in revenue with 80 percent of that number attributed to the largest revenue-earner of the four: Mayland Live! at Arundel Mills.

The strength of Maryland Live’s earnings haven’t slowed down one bit and the second to the last month of the year showcasing yet again just how dominant the casino has been in terms of market and revenue shares. For the month, Maryland Live earned $53 million of the $66.8 million the casinos earned, 56 percent better than its number in the same time a year ago. We reckon that Maryland’s revenue domination has something to do with having 4,328 slot machines and 174 table games at its disposal.

Nevertheless, it’s still an impressive haul for a casino that’s only a little over a year old.

The state’s other casinos didn’t do too bad, either, although far from the levels attained by Maryland Live in the last month. The Hollywood Casino Perryville accounted for $6.6 million of the four casinos’ total revenue in November, itself representing a 22-percent increase from its numbers in the same time a year ago. Then there’s the Casino at Ocean Downs, which reported $3.5 million in revenues, 4.6 percent better than last year’s numbers, despite being the only casino in the state without any table games.

And then there’s the young pup of the group, Rocky Gap Casino Resort, which made $3.3 million in revenue in just its sixth month in operation.

Taking out Rocky Gap’s numbers, which wasn’t around this time a year ago, the state’s casino earnings for the month that just finished represents a 47-percent growth from its numbers in the same time a year ago, proving that while its neighboring states are either struggling or still in the vetting process of they casino establishments, Maryland’s casinos are thriving in a market place that appears to be enjoying the thrills of having these establishments in its borders.

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