The Horseshoe brought in USD 23.2 M

Maryland's five casinos generated USD 84.9 M in revenue in January

2015-02-09
Reading time 1:01 min
(US).- Excluding the Horseshoe Casino Baltimore, casino revenue at the state's four other casinos fell last month by USD 4.41 M, or 6.7 percent, according to the Maryland Lottery and Gaming Control Agency. But with the Horseshoe, the state's total casino revenue grew 28.3 percent.

The Horseshoe brought in US$ 23.2 million, up from the US$ 22.9 million it generated in December. The South Baltimore casino is still trailing projections that it would average more than US$ 31 million in monthly revenue. Horseshoe's best month so far was November when it generated US$ 23.3 million in revenue.

Maryland Live! Casino, the state's largest gaming venue, generated US$ 49.5 million, an 8 percent decrease from January 2014 when the casino generated US$ 53.7 million. Both Maryland Live! and the Horseshoe will switch up their mix of slot machines and table games during the next few months in an effort to cater to the region's table game demand. Each property will get rid of 300 slot machines by April. The Horseshoe will add 30 more table games and Maryland Live! will add 13.

Of the state's three smaller casinos, the Casino at Ocean Downs, was the only venue to grow revenue last month. It generated US$ 3.38 million in January, up 6.6 percent from January 2014.

Hollywood Casino Perryville's revenue decreased 4.9 percent from January 2014, falling to US$ 6 million from US$ 6.3 million. And Rocky Gap Casino Resort's revenue fell slightly to US$ 2.97 million, a 1.8 percent slip from US$ 3.03 million in January 2014.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR