Maryland Live Aims To Become Casino Resort With $200M Hotel

Maryland Live is already the biggest casino in the state of Maryland, but plans are now afoot to transform the venue into a fully recognized gambling resort. To that end, The Cordish Companies has announced its intentions to add a 310 bedroom hotel to its facilities, with a conference center, restaurants, cafe, day spa and expanded parking spaces to be added later.
The first part of the plan is underway after The Cordish Companies purchased a nearby hotel complete with 250 guest rooms, which it has renamed “LIVE! LOFTS.” How much was paid for the hotel is unknown, although The Baltimore Sun news outlet states that tax records show a property valuation of $27.1 million.
The proposed 17-story hotel will cost in the region of $200 million, and is scheduled to be completed by the end of next year. Around 400 people will subsequently be employed at the hotel, with Cordish Global Gaming Group president Rob Norton saying that he expects the hotel to be mostly filled with Maryland Live’s current customers, many of whom have to drive a few hours to reach the casino.
Another factor influencing the decision is the opening up of the MGM’s National Harbor in December, a $1.3 billion casino resort located on the Potomac River, and just a short distance from nearby Washington and Virginia. In addition to serving the regional market, MGM will likely become a resort destination capable of attracting visitors from all around the country. Keen to prevent its customers heading south to MGM’s casino resort, Maryland Live has therefore decided to expand its facilities, with Norton explaining:
“The hotel is just one piece of the package. We’ve changed our marketing programs. We are adding more restaurants, some of which will open over the summer, and a venue. We are ready for them to be in the market. Generally, we think competition is a good thing.”
Since launching in 2012, Maryland Live has dominated Maryland’s casino market, and in August accounted for $60 million of the state’s $100 million in gambling revenues.

Poker News
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this
Virginia Poised For Historical Gambling Expansion
11 May 2018
Virginia is among the country’s more conservative states when it comes to gambling, and for many decades has resisted the allure and revenues that the industry might bring. In the 1990s, for instance, its legislature turned down a push for riverboat gambling, and the following decade Internet gambling cafes were outlawed. For the past five