Maryland Casinos Up 40% to $130.5M in June

Maryland Casinos Up 40% to $130.5M in JuneMaryland’s casino market has been on a tear ever since MGM Resorts’ National Harbor opened for business in December 2016, with its latest figures revealing a 39.8% increase in revenue to $130.5 million in June, compared to the $93.36 million collected during the same month last year. The results follow a 42.8% y-o-y increase in January, +43% in February, +44.3% in March, +30% in April, and +30.8% in May.
Leading the casino market last month was MGM National Harbor, which generated revenue of $50.1 million in June, although that total was still down by $400K compared to the previous month, and $1.1 million below the casino’s record set in March.
Unfortunately, the news was not so good for the state’s other five casinos, and if MGM’s results are excluded from the statistics, the Free State would actually have seen its market decline by 13.9% in June. That said, it was Maryland’s two other bigger casinos which suffered the most last month, with MGM’s chief rival, Maryland Live, recording a 22.1% drop in y-o-y revenue to $41.8 million, and the Horseshoe noting a 9.6% contraction in its business to $22.1 million.
Maryland Live is currently in the middle of a $200 million overhaul of ts property that will see a new 17-story hotel and convention center added to its facilities by next year, together with a spa, restaurants, live entertainment space, and more room for private gaming. Commenting on the huge expansion project, Jonathan Cordish from the Cordish Cos, which owns Maryland Live, explained:
“Obviously, the presence of a new casino in Maryland has an effect on the revenues of the existing casinos. We will continue to compete and reinvest for the long term.”
Meanwhile, Maryland’s three smaller gambling venues all posted higher revenue results in June, with Hollywood Casino Perryville up by 5.8% to $6.3 million, Rocky Gap up 8.6% to $4.5 million, and Casino at Ocean Downs up 9.5% to $5.5 million, year-over-year.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
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