Maryland casino revenue goes slightly up

Maryland casino revenue goes slightly up

The Maryland casino segment posted a 0.5% revenue increase in December 2019, as it reached US$149.1 million.

US.- The gaming industry continues to have casinos as a top money-maker, as seen in recent figures. Maryland casino revenue went up once again in December, even as it was a mere 0.5% improvement.

MGM’s National Harbor casino led the market with total gaming revenue of US$62.6 million. That meant a 4.5% jump from December 2018 and was US$8.7 million higher from the previous month.

Cordish Gaming’s Live! Casino & Hotel came in second after taking in US$51.8 million in December. It was a 3.4% increase year-on-year but was only US$1 million better than November.

Caesars’ Horseshoe Casino Baltimore followed at US$18.7 million, a 15.7% decrease. The Maryland casino continues to struggle and was near its US$18.3 million all-time low from last August.

Cordish’ recent partnership

FanDuel Group and the Cordish Companies have announced a strategic partnership to bring FanDuel’s DFS and sports betting operations to the latter’s Live! Casino & Hotel and Entertainment Districts properties throughout the US.

The companies said that the partnership will kick off in Pennsylvania, as they’re planning to bring FanDuel Sportsbooks to Cordish’s Live Casino & Hotel Philadelphia and Live! Casino in Westmoreland County.

The companies will pursue sports betting licences and online gaming opportunities in Maryland, Washington D.C., and other jurisdictions across the United States as sports betting expands across the country, they said.

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