Revenues up at Maryland casinos
Three of Maryland’s casinos have reported increased revenues despite Covid-19 restrictions.
US.- Three casinos in Maryland have seen a year-on-year rise in revenue in the first full month of reopening after lockdown despite capacity restrictions in place.
Live! Casino and Hotel took $51.5 million in July, a 4.5% increase from the same month in 2019.
Hollywood Casinos took $7 million for the month and Rocky Gap Casino saw revenues of $5.5 million, also both up on July 2019 operating at 50 per cent capacity.
Including the Horseshoe Baltimore ($15.8 million) and Ocean Downs Casino ($7.76 million), gross gaming revenue in the state for July 2020 hit £139.9 million. That’s down by 6.3 per cent year-on-year – a small drop compared to that seen in some other states.
Gordon Medencia, Director of Maryland Lottery and Gaming, said the results were probably due to the reduced availability of other leisure activities bringing more custom to the casinos.
Medencia said: “Our theory at this point is that there really is just no place else for people to spend discretionary entertainment dollars. There are no movies. There are no sports. There are no concerts. It has obviously been to our benefit.”
