Maryland casinos post revenue decline

The casinos in Maryland posted their second consecutive month of revenue decline in June.

US.- The six casinos in Maryland posted underwhelming results in June and reported a 4% year-on-year decline. This is the second consecutive month that the state posts negative results in revenues.

The casinos in Maryland generated US$142.9 million in revenue in June, which represents a 4% decline year-on-year. MGM National Harbor totalled US$56.9 million, the highest in the state, but also reported a 4% drop in revenues from June 2018. Horseshoe Casino on Russel Street reported an 18% year-on-year fall and registered its worst numbers since December 2017 when revenue fell 19.5%.

On the other hand, Maryland Live! Casino and Rocky Gap Casino were the only facilities to report increases in revenues in June. The former generated US$49 million and a 1.7% increase, while the latter reported US$5.1 million and an increase of 7.5%.

Contributions to Maryland coffers totalled US$60.1 million, of which US$45.1 million is directed to the state’s Eduction Trust Fund.