exclude National Harbor from gaming results<\/a>, the state\u2019s casino revenue fell by 15.7 percent compared to last year. Live, formerly Maryland Live, took the biggest hit, seeing August gaming revenues of $44.7 million, for a 19.9 percent drop. The Horseshoe saw an even steeper 21.3 percent year-over-year decline, with revenues of $21.8 million.<\/p>\nThe state\u2019s smaller casinos further away from Washington, DC, however, fared better. The slots-only Ocean Downs racino grew its August revenues 11.9 percent, to $6.9 million, while Rocky Gap Casino Resort in Western Maryland grew 6.1 percent, to $4.8 million. Hollywood Casino Perryville saw a 5.4 percent revenue increase, to nearly $6.3 million.<\/p>\n
Strategic Advantage<\/h2>\n
The Las Vegas Review-Journal<\/em> noted that National Harbor would’ve ranked fourth if comparing its revenue results with numbers from MGM’s nine Las Vegas properties.<\/p>\nMaryland legalized casino gambling by public referendum in 2008 as a means to provide extra funding for education programs, just as the global recession was kicking into gear. But the first wave of regulations only allowed for slot parlors in five locations.<\/p>\n
By 2012, an additional referendum permitted full-fledged casino gaming, complete with poker, craps, roulette, blackjack, and other table games, while also providing a sixth license, which allowed for MGM to jump into the state with a property that began as much more than the older properties ever envisioned.<\/p>\n","protected":false},"excerpt":{"rendered":"
The MGM National Harbor in Maryland is barely nine months old. Yet it has come to dominate the region\u2019s casino landscape. According to the latest revenue report released by\u00a0state gaming authorities, MGM is leading notable growth in Maryland’s casino industry. In August, Maryland\u2019s six casinos yielded a healthy $137.5 million return for the month. That’s […]<\/p>\n","protected":false},"author":42,"featured_media":58134,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
MGM National Harbor in Maryland Dominating Regional Casino Landscape<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n