Maryland State has shared the results from legal poker rooms during July’s operations.
US.- Land-based poker sector in Maryland State grew 22 percent in July, as reported by authorities. The four poker rooms revealed a total win of US$3.77 million during last month’s operations. Furthermore, casino industry also increased 33.6 percent last month mostly due to the adding of MGM National Harbor six months ago.
As revealed by Card Player, Maryland poker sector generated US$3.09 million in the same period of 2016 and US$3.76 million in last June, which proves a constant growing trend. Meanwhile, casino sector reported a total of US$138.7 million in July, representing a year-over-year increase of US$34.9 million.
The biggest difference, as well as the other months in 2017, is that this year MGM National Harbor’s numbers are included. The casino that opened in December 2016 has been boosting the activity in the state ever since it started offering services. If the MGM casino results are taken off the equation, casino revenue fell approximately US$15.8 million, but if the state includes the numbers, the industry grew with the US$50.7 million generated by the facility.
Back in June, a report by onlinepoker.net revealed that the casinos closest to the MGM facility have been the most affected since its opening, with the Horseshoe Casino in Baltimore reporting a 9.4 percent drop in its revenue and the Maryland Live in Anne Arundel County with an even bigger dip of 16.6 percent since the US$1.4 billion complex opened in December. Furthermore, it was announced that the MGM Resorts opening in December 2016 has seen a revenue rise of 37.8 percent ever since. While having such great results, the facility has cannibalised the casino market in Maryland, causing a decline in the other five casinos in the State, whose revenue have dropped 11.8 percent instead.