{"id":39580,"date":"2016-09-12T17:00:17","date_gmt":"2016-09-13T00:00:17","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=39580"},"modified":"2016-09-13T09:56:41","modified_gmt":"2016-09-13T16:56:41","slug":"maryland-casinos-post-ninth-straight-monthly-revenue-gain","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/","title":{"rendered":"Maryland Casinos Post Ninth Straight Monthly Revenue Gain"},"content":{"rendered":"
\"Maryland
The five current Maryland casinos posted another strong financial report, but Maryland Live remains worried about its soon-to-be-neighbor, the $1.2 billion MGM National Harbor. (Image: gaming.mdlottery.com)<\/figcaption><\/figure>\n

<\/b>Maryland casinos are at it again.<\/p>\n

For the ninth straight month, the state’s five casinos posted a gross gaming revenue increase and topped $100 million in total income for the fourth time in the last five months. The casinos generated a combined $100.3 million in proceeds from slot machines and table games, a nearly four percent gain year-over-year.<\/p>\n

The casinos pulled in $3,565,068 more in August 2015 than in August 2016.<\/p>\n

Maryland Live led the way with $55.9 million, a 7.2 percent increase on its own numbers. Caesars’<\/a> Horseshoe Casino Baltimore placed second with $27.7 million, a trivial 0.5 percent gain.<\/p>\n

The Hollywood Casino in Perryville was the only casino that declined in August. The regional gambling facility collected $5.9 million, a 9.5 percent loss compared to the same month a year ago.<\/p>\n

But overall, the news is positive for Maryland operators.<\/p>\n

“Casinos are getting into a rhythm now,” Maryland Lottery and Gaming spokeswoman Carole Bober Gentry told Baltimore’s local CBS affiliate. “I think they’re doing well with their marketing and figuring out a balance.”<\/p>\n

More Traffic Ahead<\/b><\/h2>\n

The Baltimore-Washington metropolitan area is one of the most congested regions in the entire United States. Behind only New York, Los Angeles, and Chicago, the Baltimore-Washington zone is home to nearly 10 million people, and the population is only growing.<\/p>\n

That’s why casino operators are targeting the surrounding area of the nation’s capital.<\/p>\n

MGM is next to bet.<\/p>\n

\n

Its $1.2 billion National Harbor property located just 10 miles from the White House in Arundel Mills, Maryland, is slated to open before the year’s end.<\/strong><\/p>\n<\/blockquote>\n

The resort’s welcoming party hasn’t been cordial. In fact, it’s been downright nasty.<\/p>\n

Maryland Live, rightfully concerned over losing its monopoly on the Baltimore-Washington gambling scene, recently sued MGM over claims it bought its high-roller lists from former employees. The Cordish Company, parent to Maryland Live, says MGM hired three people based solely on their knowledge of Maryland Live’s VIP customers.<\/p>\n

MGM<\/a> National Harbor and Maryland Live are located about 40 miles apart. Depending on the area’s horrific traffic, that can seem like a daylong journey, but regardless, it’s still too close for comfort.<\/p>\n

Maryland Live is currently adding 310 guest rooms, two more than the National Harbor’s 308, through a $200 million expansion project.<\/p>\n

Six and Done<\/b><\/h2>\n

As for now, it appears there’s plenty of gaming dollars to go around in Maryland. If MGM has a harmonious implementation into the market and only grows casino gaming in Maryland, the future appears bright for operators.<\/p>\n

The state’s 2008 constitutional referendum called for a total of six casinos in specific counties. Once MGM opens, the law will be fulfilled and no further casinos will be authorized without additional legislation and subsequent voter approval.<\/p>\n

The other three casinos in Maryland aren’t necessarily competing with Maryland Live, Horseshoe Baltimore, and MGM.<\/p>\n

The Hollywood Casino, Casino at Ocean Downs, and Rocky Gap Casino Resort combined for a total of $16,688,616 in August revenue. The three rural casinos aren’t after the Baltimore-Washington crowd, leaving Baltimore and Washington, DC, for the other three’s taking.<\/p>\n","protected":false},"excerpt":{"rendered":"

Maryland casinos are at it again. For the ninth straight month, the state’s five casinos posted a gross gaming revenue increase and topped $100 million in total income for the fourth time in the last five months. The casinos generated a combined $100.3 million in proceeds from slot machines and table games, a nearly four […]<\/p>\n","protected":false},"author":42,"featured_media":39583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\nMaryland Casinos Post Ninth-Straight Monthly Revenue Gain<\/title>\n<meta name=\"description\" content=\"Maryland casinos enjoyed yet another solid revenue month in August, as the state's five gambling venues posted over $100 million in gross gaming revenue.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maryland Casinos Post Ninth-Straight Monthly Revenue Gain\" \/>\n<meta property=\"og:description\" content=\"Maryland casinos enjoyed yet another solid revenue month in August, as the state's five gambling venues posted over $100 million in gross gaming revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-13T00:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-09-13T16:56:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/MD_map_locations.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"659\" \/>\n\t<meta property=\"og:image:height\" content=\"334\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/\",\"url\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/\",\"name\":\"Maryland Casinos Post Ninth-Straight Monthly Revenue Gain\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/MD_map_locations.jpg\",\"datePublished\":\"2016-09-13T00:00:17+00:00\",\"dateModified\":\"2016-09-13T16:56:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Maryland casinos enjoyed yet another solid revenue month in August, as the state's five gambling venues posted over $100 million in gross gaming revenue.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-ninth-straight-monthly-revenue-gain\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/MD_map_locations.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/MD_map_locations.jpg\",\"width\":659,\"height\":334,\"caption\":\"The five current Maryland casinos posted another strong financial report, but Maryland Live remains worried about its soon-to-be-neighbor, the $1.2 billion MGM National Harbor. 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