CASINO

AC, Pennsylvania, Ohio and Detroit casinos lose ground while Maryland gains

TAGs: Atlantic City, Detroit, Maryland, Ohio, Pennsylvania

us-casino-marketAtlantic City casino gaming revenue fell 3.1% in May, excluding contributions from the Atlantic Club, which was shut down in January. Total revenue from the 11 casinos that were operating both this year and last came to $232.4m, with slots revenue up 4.7% to $176.2m while table game revenue dropped 21.5% to $56.2m.

Just four casinos posted revenue gains in May, including the market-leading Borgata, where revenue rose 4.8% to $54.9m. Harrah’s came second with $30.8m (-1.8%) while the Tropicana leapt into third place with $25.1m (+20.1%). The month’s biggest loser was Caesars, which fell a whopping 43.6% to $18.4m, while the Golden Nugget rose 70% to $16.3m. The Trump Plaza ranked last on the revenue chart, dropping 24.4% to just $5.2m, less than half that of the equally struggling Revel, which gained 4.2% to $11.7m.

May was equally meh in neighboring Pennsylvania, where the state’s slots casino revenue was down less than 1% to $210.8m. However, this May’s tally includes $2.3m from the Lady Luck Casino Nemacolin, which opened last July, so the decline is actually a smidgen higher. The Parx Casino ruled the slots roost with $32.4m (-1.8%), followed by Sands Bethlehem ($26.6m, +1.9%) with Rivers Casino ($24m, -1.8%) placing third.

Detroit’s three casinos saw revenue fall 1.7% in May, with market leader MGM Grand down 2% to $47.4m, MotorCity down 1.4% to $39.1m and Greektown down 1.9% to $28.1m. For the year to date, the collective casino haul is off 5.2% from the same period last year.

In Ohio, the state’s four casinos generated $71.2m in May, down $1m year-on-year. Horseshoe Cleveland led the pack with $19.5m, followed by Hollywood Columbus ($18.3m), Horseshoe Cincinnati ($17.2m) and Hollywood Toledo ($16.2m.)

Things were comparatively buoyant in Maryland, where the state’s four casinos saw gaming revenue surge nearly 10% to $75.8m. As ever, Maryland Live! got the biggest slice of the pie and drove most of the gains, rising 8.1% to $59.5m. The other three contenders weren’t so fortunate, with Hollywood Casino Perryville down 8.7% to $7.8m, Ocean Downs off 1.2% to $4.7m and Rocky Gap (which wasn’t open for all of May 2013) adding $3.8m.

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