New gaming revenue record set by Maryland casinos

Gaming revenue at Maryland’s half-dozen privately owned casinos increased 14.7 percent in May this year compared to the same time last year at $136,464,277, setting a new single-month record high of $156,555,593, according to a Tuesday report from Maryland Lottery and Gaming.

Prior to last month’s record, in March 2018 the state’s six privately owned casinos generated a total of $150,073,958 in gaming revenue, setting a record. MGM National Harbor having opened on December 8, 2016, last month was reportedly the fifth complete month when it was possible for a direct year-over-year comparison to be made that included all six of Maryland’s casinos.

Gordon Medenica, director for the regulatory body, congratulated the casinos on “an excellent month” and said, “As our casino partners continue to innovate and add new amenities, it’s exciting that all six properties saw year-over-year increases in May.”

For the second consecutive month, MGM National Harbor was the top earner totaling $62,300,446 from its 178 table games and 2,701 slot machines in May, an increase of 23.3 percent or $11,748,361, from the same time last year.

Mirroring last month’s effort, Live! Casino & Hotel was the state’s second top earner having totaled $52,021,319 in May from its 4,404 slot machines and 198 table games. May 2018 revenue at the Anne Arundel County casino rose by 13.4 percent, or $6,130,908, from the same time the year prior.

Retaining the number three spot from last month, the Caesars Entertainment Corporation-owned Horseshoe Casino Baltimore saw a total of $24,077,214 from its 168 table games and 2,200 slot machines in May, an increase of 2.0 percent, or $482,264, from May 2017.

May 2018 revenue from Hollywood Casino Perryville’s 822 slot machines and 22 table games totaled $6,786,329, an increase of 6.7 percent, or $428,276 from the same time last year. Revenue from the casino owned by Gaming and Leisure Properties fell slightly from last month’s 7.3 percent increase from the year prior.

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May revenue from the joint venture of Churchill Downs, Inc. and Saratoga Casino Holdings, Ocean Downs Casino, totaled $6,432 7BALL CX ,590. Last month’s revenue from the casino’s 892 slot machines and 10 table games combined swelled by 21.0 percent, or $1,114,255, from May 2017.

Rounding out the list was Rocky Gap Casino Resort, which generated $4,937,695 from it 665 slot machines and 17 table games in May. Last month’s revenue for the Las Vegas-based Golden Entertainment Inc.-owned casino saw a 3.9 percent, or $187,252, increase from May 2017, according to the state’s regulator.