CASINO

Maryland casinos extend revenue winning streak, but just barely

TAGs: Maryland, MGM Resorts, national harbor

Maryland casinos maintained their streak of year-on-year gaming revenue increases in October, but only by the slimmest of margins.

Maryland casinos extend revenue winning streak, but just barelyFigures released Friday by Maryland Lottery and Gaming show the state’s five casinos earned revenue of $95.5m in October, 0.8% more than the same month last year. This marks the 11th straight month in which the state’s monthly tally has risen year-on-year, although it’s well off the $100m+ peaks the state generated earlier this year.

As always, Maryland Live! topped the revenue charts with $53.2m, although this was 3.2% less than October 2015. Most of the decline came on the slots side, which fell $1.1m year-on-year, while tables were down around $650k. On the flip side, Horseshoe Casino Baltimore earned $26.6m, up 7.9% year-on-year thanks to an additional $2m in table revenue.

As for the also-rans, Hollywood Casino Perryville brought in nearly $6m (-4.1%), while Ocean Downs contributed $4.9m (+6%) and Rocky Gap brought up the rear with $4.7m, although it posted the month’s biggest year-on-year gain at 12.1%.

Maryland’s sixth and final casino, MGM ResortsNational Harbor, is set to open in Prince George’s County on Dec. 8. In addition to a plethora of slots and tables, the property will also boast a 308-room hotel, retail and dining options, two nightclubs and a 3k-seat live theater.

MGM recently announced that Boyz II Men will be the first act to perform in National Harbor’s theater, taking the stage on Dec. 15. The venue will welcome Lionel Richie and Bruno Mars the week after, while Duran Duran is booked for a two-night run spanning New Year’s Eve and New Year’s Day.

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