REV­ENUE AT LIVE CASINO UP 5.5% IN 2018

Data shows state’s casi­nos see con­tin­ued growth

The Capital - - ANNE ARUNDEL - By Jeff Barker je­[email protected]­sun.com twit­ter.com/sun­j­eff­barker

Mary­land’s casino in­dus­try con­tin­ued to grow strongly last year as rev­enue swelled 8.2 per­cent to nearly $1.75 bil­lion, ac­cord­ing to data com­piled by state casino reg­u­la­tors.

Five of the state’s six casi­nos saw rev­enue growth in 2018 with MGM Na­tional Har­bor see­ing the big­gest gain, while Horse­shoe Casino Bal­ti­more fal­tered.

The re­ports, from the Mary­land Lottery and Gam­ing Con­trol Agency, also show the ex­tent to which slots re­main king de­spite the state’s le­gal­iza­tion of ta­ble games a few years ago.

The MGM casino, which opened on the Po­tomac River in Prince Ge­orge’s County in De­cem­ber 2016, saw rev­enue grow nearly $100 mil­lion last year to about $705 mil­lion.

The im­pact of MGM’s ar­rival may have pinched Horse­shoe Casino Bal­ti­more the most. Rev­enue slipped nearly $12 mil­lion at the Rus­sell Street casino, near M&T Bank Sta­dium, to $260 mil­lion in 2018.

Rev­enue at Live Casino & Ho­tel at Arun­del Mills mall in Hanover rose 5.5 per­cent to $575 mil­lion.

Rev­enue from those casi­nos dwarfs those of the other three — Ocean Downs in Worces­ter County, Hol­ly­wood Casino Per­ryville and Rocky Gap Casino Re­sort in Western Mary­land, all of which re­ported gains.

Over­all, slots rev­enue from the state’s six casi­nos topped ta­ble game rev­enue by more than $400 mil­lion last year. Slots ac­counted nearly $1.1 bil­lion in rev­enue while ta­ble games such as black­jack and roulette brought in about $654 mil­lion.

Ta­ble games con­tinue to be more im­por­tant at the state’s larger casi­nos ac­count­ing for nearly 48 per­cent of rev­enue at MGM, 42 per­cent at Horse­shoe and 32 per­cent at Live. It’s about 15 per­cent or less at the other three.

Here, too, MGM shows its im­pact as its ta­ble game rev­enue soared by $46 mil­lion even as ta­ble games de­clined at ev­ery other casino in the state.

The state’s share of casino rev­enue largely sup­ports the state’s ed­u­ca­tion trust fund as well as horse rac­ing and grant funds for the com­mu­ni­ties around the casi­nos.

ALGERINA PERNA/BAL­TI­MORE SUN FILE

Rev­enue at Live Casino & Ho­tel at Arun­del Mills mall in Hanover rose 5.5 per­cent to $575 mil­lion.

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