CASINO

Maryland casinos eke out modest revenue gain in January

TAGs: Maryland

maryland-casinos-january-revenueMaryland’s six casinos eked out a modest year-on-year revenue gain in January, but only two casinos posted better numbers from the same month last year.

Figures released Monday by the Maryland Lottery and Gaming Agency show the state’s six licensed casino operators brought in a combined $127.8m in January, a modest 1.2% improvement over January 2017’s number but a far cry from December’s near-record $141m.

The state’s newest and biggest venue, MGM Resorts’ National Harbor, continued its dominance with a January haul of $50.2m, up 2.9% from January 2017’s total, neatly split between table games ($23.6m) and slots ($26.6m).

Cordish Gaming’s Live! Casino & Hotel reported revenue falling 1% year-on-year to $43.5m, while Caesars Entertainment’s Horseshoe Casino Baltimore slipped 0.7% to $20.1m, Hollywood Casino Perryville fell 1.2% to $5.7m and Rocky Gap Casino Resort dipped 1.1% to $3.7m.

The month’s only other net gainer was Ocean Downs Casino, which saw its January revenue shoot up 23.6% to $4.5m. The previously slots-only property added its first 10 gaming tables in late December, and the new toys contributed $578k to its monthly total, a significant uptick from the $54k they earned in their brief December debut.

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