Horseshoe Casino Baltimore helps state break its record

Maryland sees record casino gaming win

2014-09-10
Reading time 49 seg
(US).- For the first time in the history of Maryland casinos monthly gaming revenue topped the USD 80 M threshold. The state legalized casinos in 2008, and the first one opened in 2010. On August 26, Horseshoe Casino Baltimore opened, and it has been generating USD 1 M in revenue every day, according to the Baltimore Sun.

The US$ 80.6 million recorded by the state’s five casinos beat the previous monthly high of US$ 77.8 million from just four casinos in March of this year. Then, the state’s four privately owned casinos -Hollywood Casino Perryville in Cecil County, Casino at Ocean Downs in Worcester County, Maryland Live Casino in Anne Arundel County, and Rocky Gap Casino Resort in Allegany County-had combined gaming revenues of US$ 7,850,831.

Another project is on its way. MGM Resorts is looking to open its casino in Prince George’s County sometime in 2016. It will come with a price tag of US$ 925 million. If you exclude the Horseshoe, gaming revenues still increased 5.4 percent in August, year-over-year. Gaming revenues are expected to keep rising for the foreseeable future.

Maryland Live is still the state’s largest casino in terms of revenue. The property generated US$ 57.3 million of the US$ 80.6 million figure in August.

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