Maryland Casino Revenue Up To $71m In August

Maryland Casino Revenue Up To $71m In AugustThe Maryland Lottery and Gaming Control Agency has released its casino results for August, revealing an impressive improvement in revenue to $71 million compared to the $49 million generated in the same month last year. Around $28 million in casino gambling taxes was then sent to Maryland’s Education Trust Fund.
Although the state’s four casinos brought in $22 million more in revenue last month than they did in August 2012, when one considers the Rocky Gap Casino Resort didn’t open until May this year, the actual year-over-year increase in revenue by Maryland’s three other casinos was nearer to 50%.
Leading the way in August was the state’s largest casino, Maryland Live, which saw its revenue improve by a massive 64% to $53.3 million, with the popular casino thus accounting for three-quarters of the state’s gross gambling revenue. Breaking the figures down further, Maryland Live’s 4,339 slot machines generated $35.5 million in revenue, while its 122 gambling tables took in a further $17.4 million. In addition, Maryland Live opened a new poker room on August 28th which pulled in over $350,000 in its first three and a half days of operation, and commenting on its new poker room, Joe Weinberg, Managing Partner, The Cordish Companies, said:
“We think the room will appeal to everybody from the casual player to the really serious professional poker player. We built it to be a real destination facility that will draw players from the area, the East Coast and beyond.”
Next, Hollywood Casino Perryville reported an 18% increase in revenue to  $7.7 million for the month; the Casino at Ocean Downs was up by 5% to  $5.9 million; while the three-month old Rocky Gap Casino Resort reported earning of $4 million for the month.
So far this year, Maryland casinos have now posted $417.8 million in revenue and with the figure expected to reach $700 million before the end of 2013.

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