Maryland casino revenue rises in April


Credits: The Baltimore Sun

Almost six months after the opening of its latest casino, Maryland is still experiencing great results in casino revenue.

US.- After the University of Nevada Las Vegas Center for Gaming Research announced that casinos in the United States increased revenue by almost 7 percent year-over-year in March, Maryland’s authorities reported that the state reached its second highest month ever.

April showed an increase in revenue of 30.6 percent compared to the same month in April 2016 to US$135.7 million, and even if the top two casinos in the state Maryland Live! and the new MGM National Harbor have been disputing the first position as top scorer, without the latter the state would’ve suffered a 17.4 percent decrease in revenue to US$18.1 million. Last month was considered the second highest total ever, behind March’s results with US$141 million generated. MGM National Harbor was once again the best casino with almost US$50 million, whilst Maryland Live! experienced a 21.6 percent decrease year-on-year to US$45.3 million.

Furthermore, Horseshoe Casino Baltimore also went through a 18.7 percent contraction to US$24.6 million, and Hollywood Casino Perryville lowered its earnings by 8 percent to US$6.5 million.

Last week, it was announced that Maryland Live! Casino and Hotel will inaugurate its first hotel level by 2018, and it will become one of the most profitable gaming centers of the state and the operators recently announced this year’s plan of expansion for the exclusive venue, which has already started.