{"id":74676,"date":"2018-04-07T09:00:40","date_gmt":"2018-04-07T16:00:40","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=74676"},"modified":"2018-04-07T07:06:58","modified_gmt":"2018-04-07T14:06:58","slug":"maryland-casinos-post-revenue-record-in-march","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/","title":{"rendered":"Maryland Casinos Post Revenue Record in March, But Horseshoe Baltimore Struggles Continue"},"content":{"rendered":"

Maryland casinos have set a new monthly gross gaming revenue win record at $150,073,958. The March 2018 number represents a 6.3 percent increase on the previous year, and is nearly $9 million higher than the state’s previous all-time mark of $141.1 million.<\/p>\n

\"Maryland
Maryland casinos topped $150 million in March, and business is better at Live! (Image: Baltimore Sun)<\/figcaption><\/figure>\n

MGM National Harbor once again led the way<\/a>, with the DC-area casino resort reporting GGR of $60.4 million. That’s also a new record for any Maryland casino in a given month.<\/p>\n

\n

“We are incredibly proud of the performance of Maryland’s casino industry,” Maryland Lottery and Gaming Director Gordon Medenica said in a release. “We thank the thousands of players and customers.”<\/strong><\/p>\n<\/blockquote>\n

March was the third period where direct year-over-year comparisons could be made with all six casinos in operation. The $1.4 billion MGM National Harbor opened December 8, 2016.<\/p>\n

MGM’s casino revenue was up almost 18 percent in March. Its $60.4 million monthly GGR record surpasses its previous high mark of $56.5 million set in December 2017.<\/p>\n

Five of the state’s six casinos posted monthly percentage gains. Live! reported the second highest total with $24.8 million, a 0.9 percent increase.<\/strong><\/p>\n

The smaller regional casinos, Horseshoe Casino Perryville, Ocean Downs Casino, and Rocky Gap Casino Resort, collectively won $17.7 million. Those gambling floors respectively posted GGR increases of 2.4 percent, 26.2 percent, and 0.5 percent.<\/p>\n

Baltimore Struggles<\/b><\/h2>\n

The lone casino that did not see gross gaming revenue increase in March 2018 was Horseshoe Baltimore. The Caesars Entertainment property generated a $24.8 million win, which was a year-over-year $2.1 million loss.<\/p>\n

Located southwest of the bustling Inner Harbor, Horseshoe Baltimore is near the city’s Oriole Park at Camden Yards and M&T Bank Stadium, home to the Ravens. But the three-tenths of a mile distance isn’t an exactly inviting walk.<\/p>\n

\n

Caesars has recently spent millions of dollars<\/a> acquiring properties between the stadiums and casino. The thinking is that the Las Vegas-based company plans to develop the corridor to attract baseball and football fans to the gaming floor.<\/p>\n<\/div>\n

Horseshoe Baltimore GM Erin Chamberlin said recently the goal is to create a “great entertainment district.”<\/p>\n

In the meantime, revenue continues to slide. In the first quarter, Horseshoe Baltimore reported GGR of $65.86 million, a nearly five percent decrease compared to the first three months in 2017.<\/p>\n

Live! Alive <\/b><\/h2>\n

No casino has been more impacted by MGM National Harbor than Live! The Arundel Mills property generated GGR win of $545 million last year, a more than $108 million loss compared to 2016.<\/p>\n

Live! owners The Cordish Companies is building a 310-room hotel tower to better compete with its $1.4 billion neighbor, which is located about 35 miles south. Live! will also soon offer an outdoor gaming lounge where smoking is permitted.<\/p>\n

March’s revenue report showing Live! increasing gaming win by almost one percent is a major victory. For the first three months of 2018, Live! has GGR totaling $137.56 million, which is about 0.5 percent ahead of where the casino was at this time last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Maryland casinos have set a new monthly gross gaming revenue win record at $150,073,958. The March 2018 number represents a 6.3 percent increase on the previous year, and is nearly $9 million higher than the state’s previous all-time mark of $141.1 million. MGM National Harbor once again led the way, with the DC-area casino resort […]<\/p>\n","protected":false},"author":25,"featured_media":74680,"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 Revenue Record, But Horseshoe Struggles<\/title>\n<meta name=\"description\" content=\"Maryland casinos reported record revenue last month, as the state's six casinos collectively won more than $150 million from slot and table game operations.\" \/>\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 Revenue Record, But Horseshoe Struggles\" \/>\n<meta property=\"og:description\" content=\"Maryland casinos reported record revenue last month, as the state's six casinos collectively won more than $150 million from slot and table game operations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/\" \/>\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=\"2018-04-07T16:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-07T14:06:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/04\/bs-bz-casino-revenues-august-20170906.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1629\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 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-revenue-record-in-march\/\",\"url\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/\",\"name\":\"Maryland Casinos Post Revenue Record, But Horseshoe Struggles\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/04\/bs-bz-casino-revenues-august-20170906.jpg\",\"datePublished\":\"2018-04-07T16:00:40+00:00\",\"dateModified\":\"2018-04-07T14:06:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Maryland casinos reported record revenue last month, as the state's six casinos collectively won more than $150 million from slot and table game operations.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/maryland-casinos-post-revenue-record-in-march\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/04\/bs-bz-casino-revenues-august-20170906.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/04\/bs-bz-casino-revenues-august-20170906.jpg\",\"width\":2400,\"height\":1629,\"caption\":\"Maryland casinos topped $150 million in March, and business is better at Live! 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