Maryland Casinos Revenues Up 0.8% in October

The Maryland Lottery and Gaming Control Agency (MLGCA) has released its latest casino figures for October, revealing a slight 0.8% increase in revenues to $95.4 million, compared to the same month in 2015. Last month’s casino results now stretches out a winning streak dating back to November 2015 for the state’s gambling venues.
In October, three of the state’s five casinos reported year-on-year growth, led by the Rocky Gap Casino Resort whose 634 slot machines and 17 table games generated 12.1% more revenues at $4.7 million.
Next highest was the Horseshoe Casino Baltimore, with the establishment’s 2,202 slot machines and 175 table games collecting $26.6 million in October, up by 7.9% versus the same month last year.
Not far behind was the Casino at Ocean Downs which reported a 6% improvement in y-o-y revenues to $4.9 million from its 800 slot machines.
Posting a decline in revenues in October, however, was the Hollywood Casino Perryville, with its 850 slot machines and 20 table games down by 4.1% to $6 million; while the state’s biggest venue, Maryland Live!, also noted a 3.2% slide in revenues to $53.2 million from its 3,940 slot machines and 207 table games.
Looking ahead, Maryland Live’s general manager, Doug Shipley, warned that November’s casino activity was likely to be quiet as the holiday season approaches. By December, Maryland Live may also see further cuts to its revenues after a $1.4 billion casino resort, the MGM National Harbor in Prince George’s County, opens its doors on the 8th of that month. Nevertheless, the huge casino is expected to bring in many additional benefits for its local region, and as county spokesman Scott Peterson explains:
“This billion-dollar project has led to the hiring of thousands of workers to build this incredible facility and will employ thousands of people in the county and around the region as well as provide tens of millions of dollars that will help us improve the quality of life in Prince George’s County.”