Maryland's First Slots Casino Takes $2 Million In First Four DaysOctober 21, 2010 11:26 am
Maryland’s first casino got off to a flying start after raking in a massive $2.1 million in revenue after the first four days of its official opening.
Commenting on the impressive results, General Manager Himbert Sinopoli said:
“We’re obviously very excited about how things started out here. We had an overwhelming response from all over the area, not only Maryland, but people coming in from out of state as well.”
The $97.5 million Hollywood Casino Perryville opened three days ahead of schedule on September 27th and was greeted by a line of eager customers stretching far outside its doors.
Within three days around 7,000 people had visited the Perryville casino, and by the fourth day the 1,500 slot machines casino was operating at up to 98% capacity. In total, the impressive sum of $2.1 million taken equates to $346 in revenue per machine per day.
This figure is well above the $210 per machine per day originally anticipated and was aided by the extra interest generated by Maryland opening its first casino. Business is expected to stabilize after six to eight weeks of operation but its popularity is likely to remain high, especially considering 82,000 cars pass near by Interstate 95 every day.
As Lottery Director Stephen Martino talking about the impressive revenue figures explains;
“I don’t think there’s any doubt that they’re going to go down, that the average even over the month of October will go down. There was heightened interest over the opening of the casino.”
Around half the total revenue produced will be given to the Maryland Education Trust Fund, while the horse racing industry will receive $197,000 and the Maryland Lottery around $41,516. The casino operator will get to keep $685,000 of the revenue generated.