National Harbor Casino Sets Record Revenue in Maryland

Maryland’s Newest Casino Sets Personal Best in Revenue

Among the six casinos in Maryland, its newest casino set a personal best in revenue last month. The state’s six casinos combined had their second best month for 2017. According to Maryland Lottery and Gaming agency, the casinos generated revenue of $141 million, beaten by March’s revenue of $141.2 million.

Earnings last month were up 5.7% in comparison to December 2016 from $133.5 million. National Harbor casino with its 2800 plus slots and a variety of tables, owned by MGM Resorts started trading in the first week of December 2016, making it possible to do a year-on-year comparison.

In the spirit of Nation Harbor’s first birthday it again topped the charts with slightly under $56.6 million, beating their previous record of $52.9 million set in August. Their slots revenue increased by almost 19% to $29 million, while their tables increased by 57% to $27.6 million. Every month National Harbor Casino has been at the top of the charts, barring February.

Maryland’s Casinos Performance

Cordish Gaming’s Live! Casino and Resort, formally the state’s highest-earning casino, placed second with $47.2 million in revenue, even though there was a 1.7% drop in comparison to December last year. Although their slots revenue remained unchanged, their tables declined by $1 million.

Another casino to experience a much greater loss in revenue is Horseshoe Casino Baltimore, owned by Caesars Entertainment, with a drop of nearly 20% to slightly under $24 million. Loss of revenue was attributed to both the slots and the tables. Other casinos such as Hollywood Casino Perryville were down by 9% to $5.7 million, Rocky Gap increased their revenue by 6.8% to $3.79 million, and finally Ocean Downs ended on $3.75 million, down 9%.

Ocean Down closed down a portion of their slots last month to make room for their first ten gambling tables, which officially opened on 29 December. In the three days remaining for the month, the tables generated an income of $54K. Even though it’s not a very high figure, it is a start. Let’s see what 2018 has in stock for Maryland and her casinos.

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