West Virginia Casino Impacted by MGM National Harbor

For many years, the Hollywood Casino at Charles Town Races enjoyed a privileged position of being one of only a handful of gambling options for residents in the Washington, D.C., area. On December 8th, however, the competition just got a lot harder after the $1.4 million National Harbor casino opened just 72 miles away, complete with 3,300 slot machines and 126 table games.
As a result, two weeks after MGM’s opening night, the Charles Town casino has already reported a 19.5% fall in its slots revenues, or around $670,000, while its table game gambling revenues have also taken a 22% hit worth around $214,000 in lost business. According to Hollywood Casino Senior VP of Public Affairs Eric Schippers, however, that 20% drop should be the limit of its contraction in revenues for the whole of 2017.
In fact, Schippers has stated that Hollywood Casino had been preparing for the increased competition by reinvesting into its business, with its new features now including a hotel, restaurants, entertainment venue, as well as a refreshed slots offering, and new amenities to cater for its Asian guests.
In the meantime, Hollywood Casino has said that it was not alarmed by the significant hit already taken to its bottom line, with Annette Gavin, CEO of the Jefferson County Convention and Visitors Bureau, stating that other casinos have sprung up in the area in the past, and that “each and every time the Hollywood Casino has adjusted and come out victorious.”
Case in point, Hollywood Casino at Charles Town Races has enjoyed a long history dating back to 1933, and according to casino industry analyst James Karmel, the venue should now concentrate on differentiating itself from other casinos in the region, including MGM National Harbor, by promoting its horse racing offering. Elaborating further, Karmel explained:
“The connection between D.C. tourism and casino gaming makes National Harbor a potential international resort. Charles Town’s best approach is to show how they are different to capitalize more of the regional gaming clientele.”

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