Maryland state publishes high gross revenues

Local casinos have been perceiving great results for 4 consecutive months.

Maryland Live, Hollywood Casino Perryville, Rocky Gap  and the Ocean Downs all increased their revenues.

US.- The Lottery and Gaming Control Agency of Maryland declared an increment of casino revenues in March. Five casinos together achieved incomes of US$97.8 million last month, only in July 2015 the complexes generated a better amount issuing profits for over US$98.9 million.

“Our state has a lot of the right conditions. There is a high median income per capita, a relatively stable economy connected to the government and contracting. And Maryland has a relatively high educational level, which is actually good for casinos,” explained James Karmel, casino analyst of the state and history professor at the community college, Harford. He also added that five casinos are showing great results with local and foreign players thanks to the marketing programs.

The highlighted company was the Horseshoe Casino Baltimore that announced an 11.9 percent of growth, which meant US$27.6 million of gross revenue. The World Series of Poker event could be a key to understand the distinguished growth. Operators of the complex believed the poker tournament boosted the transactions and called it the “market-exclusive”. Maryland Live, largest casino of the state, reported a revenue up of 5.2 percent (US$54.6 million) also in relation with a poker tournament, the World Tour.

Hollywood Casino Perryville in Cecil County published an increment of 8.1 percent, meaning US$7.0 million. The Rocky Gap in Allegany County grew 6.3 percent with US$4.0 million and the Ocean Downs in Worcester County, which only allows slots, showed a growth of 11.2 with US$4.4 million.