Maryland casino revenue dips for February

By David Cook
Casino revenue declined in Maryland in February, marking a third consecutive monthly drop.

Figures released by the Maryland Lottery and Gaming Control Agency on Thursday show a generated total of $82.79m for the month, the lowest since September, which identifies a fall of over $7m from the record $90.17m that was reported for November.

Maryland Live Casino contributed the highest total of the five casinos in the state, generating $46.97m, down from January’s $49.45m.

Horseshoe Casino Baltimore, which opened in August, recorded $22.98m revenue, which is slightly down from the $23.15m total in January.

February’s revenue has increased year-on-year however, by $16.8m, or 25.4%, despite three of the state’s casinos posting a year-on-year decline in monthly revenue.

The Rocky Gap Casino Resort was the only casino to report a year-on-year monthly rise, up 11.7% to $3.47m.

When excluding the Horseshoe, the year-on-year monthly total is down 9.4% to $6.2m.

The recent problems suffered by the casinos have been put down to poor weather, as casino operators explained to the Maryland Lottery Gaming Control Commission at a meeting last month.

February saw one of the coldest months on record for the state and a storm hit the East Coast last month.

A sixth casino will enter the market next year, as construction recently began on the $1.2bn MGM National Harbor resort casino.



TAGS:

Share This Post


NEWS SPONSOR

More News

According to the Philippine Amusement and Gaming Corp, the casino industry in the Philippines accumulated PHP15.95bn ($331.5m) in gross gaming revenue for Q3, a 603% rise from the previous quarter....




On 11 August 2020, the President of Ukraine signed into law the State Regulation of the Activities Related to the Organisation and Conduct of Gambling Games. Here, Andrey Astapov, managing partner...