Casino Revenues Decline Between August and September
All casinos in the state pulled in less money than they did in August, including Maryland Live!, which added hundreds of new machines.
Maryland's casino revenue fell as summer turned into fall, even as the state's largest gambling facility added new slot machines in September. The Maryland Lottery reported $42.9 million in casino revenue statewide, down from $44.6 million in August. At the Maryland Live! casino near Arundel Mills, revenues dropped slightly from $32.4 million in August, to $32.0 million in September. The drop comes even after the facility boosted the number of video gaming terminals from 3,710 to 4,750 on Sept. 12. But lottery officials said the figures at Maryland Live! should not be cause for alarm. "They already have a lot of capacity," Maryland Lottery Director Stephen Martino said. "Adding more [machines] was not necessarily going to add a lot of …
Frank in Elkridge
8:44 am on Tuesday, October 9, 2012
The Cordish casino is grossing $1 million a day. Not bad. If other casinos open, particularly National Harbor, that should put a big dent in their revenue. That's why Cordish and Penn National are pouring millions of dollars into ads against Question 7. The don't want big new casinos in Baltimore City and National Harbor eroding their revenue. It's pure self-interest on their part because they … more ›