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Tuesday, April 07, 2015

As Horseshoe grows, revenue declines at Maryland's other 4 casinos

Maryland’s five casinos brought in a record $91 million in March, but monthly revenue declined at all but one.

Year-over-year, statewide casino revenue increased 16.9 percent, or $13.2 million, from March 2014, according to the Maryland Lottery and Gaming Control Agency. The Horseshoe Casino Baltimore carried those gains. Excluding the Horseshoe, which opened in August, the state’s other four casinos saw revenue decline by 14.8 percent, or $11.5 million.

The Horseshoe is still undershooting its monthly revenue projections, which were expected to average at least $31 million. However, the South Baltimore gaming venue saw its highest monthly revenue yet at $24.7 million in March. The Horseshoe's previous best month was November when it brought in $23.4 million.

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6 comments:

  1. The MD casinos are all about gambling. At least in vegas you get drinks while you gamble and they have 5 start places to eat and world class shows to see. Gambling in Maryland makes me feel like an addict.

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    1. Yeah its a drug. It does that. States legal way of peddling legal dope. If you feel like an addict then maybe you should get help. Seems like you already know you have a problem.

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  2. Ocean Downs is never busy yet they claim they make money,I think taxpayers will be paying to keep them open soon like Delaware.

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  3. Surprised me!!!..im sure hedging the state budget on obvious incorrect projected revenues does not work!!..look at tabacco tax! budget shortfalls...duh. demoidiots overtaxed us out of projected cig taxes.its the libtarded way..gambling gonna be the same..soon no one will have any money to throw away..

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  4. Heh! Biggest gamble in Charm City is just stepping onto the sidewalk! Your odds of being mugged will vary!

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  5. OD is doing good business.

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