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Casino Revenue In Maryland

Wednesday, December 5, 2012

Revenue at Maryland Live! Jumps 12 Percent

The casino saw about $3.7 million in additional revenue in November, while proceeds were roughly flat at Maryland's other two gambling facilities.

The Maryland Live! casino saw a 12 percent rise in revenue in November while other casinos stayed roughly flat, the Maryland Lottery reported Wednesday.  The casino near Arundel Mills reported $34,365,182 in revenue in November, about $3.7 million higher than in October.  Maryland Live! has about 4,750 slot machines in operation, and added more than 1,000 in September. The casino opened in June and is the largest and highest-grossing gaming facility in the state.  Hollywood Casino in Perryville generated $5.4 million in November, essentially flat from October. The casino at Ocean Downs pulled in $3.3 million, down from $3.5 million in October. Maryland's three casinos combined to generate $43 million in November. Without factoring in the …

hongfeng1

10:07 am on Wednesday, January 2, 2013

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Friday, October 5, 2012

Casino Revenues Decline Between August and September

All casinos in the state pulled in less money than they did in August, including Maryland Live!, which added hundreds of new machines.

Maryland's casino revenue fell as summer turned into fall, even as the state's largest gambling facility added new slot machines in September.   The Maryland Lottery reported $42.9 million in casino revenue statewide, down from $44.6 million in August. At the Maryland Live! casino near Arundel Mills, revenues dropped slightly from $32.4 million in August, to $32.0 million in September. The drop comes even after the facility boosted the number of video gaming terminals from 3,710 to 4,750 on Sept. 12.  But lottery officials said the figures at Maryland Live! should not be cause for alarm. "They already have a lot of capacity," Maryland Lottery Director Stephen Martino said. "Adding more [machines] was not necessarily going to add a lot of …

Frank in Elkridge

8:44 am on Tuesday, October 9, 2012

The Cordish casino is grossing $1 million a day. Not bad. If other casinos open, particularly National Harbor, that should put a big dent in their revenue. That's why Cordish and Penn National are pouring millions of dollars into ads against Question 7. The don't want big new casinos in Baltimore City and National Harbor eroding their revenue. It's pure self-interest on their part because they …   more ›

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