DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Popular Posts
▼
Tuesday, December 06, 2016
Maryland Casinos Generate $92 Million in Revenue During November
(Baltimore) – Maryland Lottery and Gaming today announced November 2016 revenue numbers for the state’s five casinos – Hollywood Casino Perryville in Cecil County, Horseshoe Casino Baltimore in Baltimore City, Casino at Ocean Downs in Worcester County, Maryland Live Casino in Anne Arundel County, and Rocky Gap Casino Resort in Allegany County. November 2016’s combined statewide revenue totaled $91,969,393, an increase of 2.5% from November 2015.
Casino contributions to the state go to the Maryland Education Trust Fund and also support small-, minority- and women-owned businesses, local impact grants and the state’s horse racing industry.
Hollywood Casino Perryville generated $5,642,941 from both slot machines and table games in November. Gross gaming revenue per unit per day was: $183.89 for slot machines, $2,430.59 for banked table games and $324.32 for non-banked table games. Hollywood Casino’s November 2016 revenue decreased by $419,473, or 6.9%, from November 2015. Hollywood Casino Perryville operates 850 slot machines and 20 (12 banked and eight non-banked) table games.
Horseshoe Casino Baltimore generated $28,503,083 from both slot machines and table games in November. Gross gaming revenue per unit per day was: $255.42 for slot machines, $2,377.74 for banked table games and $840.14 for non-banked table games. Horseshoe Casino’s November 2016 revenue increased by $3,917,505, or 15.9%, from November 2015. Horseshoe Casino Baltimore operates 2,202 slot machines and 179 (154 banked and 25 non-banked) table games.
Maryland Live Casino generated $50,247,300 from both slot machines and table games in November. Gross gaming revenue per unit per day was: $259.58 for slot machines, $3,755.72 for banked table games and $1,259.82 for non-banked table games. Maryland Live’s November 2016 revenue decreased by $1,407,953, or 2.7%, from November 2015. Maryland Live Casino operates 3,952 slot machines and 207 (155 banked and 52 non-banked) table games.
Casino at Ocean Downs generated $3,789,848 from slot machines in November, and its gross gaming revenue per unit per day was $158.12. Casino at Ocean Downs’ November 2016 revenue decreased by $66,408, or 1.7%, from November 2015. The Casino at Ocean Downs operates 798 slot machines and does not have table games.
Rocky Gap Casino Resort generated $3,786,222 from both slot machines and table games in November. Gross gaming revenue per unit per day was: $165.31 for slot machines and $1,247.42 for banked table games. This facility does not have non-banked table games. Rocky Gap Casino Resort’s November 2016 revenue increased by $200,263, or 5.6%, from November 2015. Rocky Gap Casino Resort operates 634 slot machines and 17 table games.
In a year-to-year comparison, November 2016 casino revenue increased from November 2015 by $2,223,993, or 2.5%. See attached document for a detailed breakdown of November 2016’s fund disbursement, fiscal year-to-date totals for the individual casinos and combined state total.
Maryland Lottery and Gaming is responsible for oversight of the state’s casinos. In this role, the agency provides direction and guidance to its casino partners on financial, security, regulatory and licensing procedures for the facilities. To keep Marylanders informed and to maintain transparency of casino operations, monthly financial reports are posted on gaming.mdlottery.com. Maryland Lottery and Gaming reminds players to play responsibly and within their budget; resources are available at mdgamblinghelp.org or by calling 1-800-GAMBLER.
Casino at Ocean Downs doesn't have table games.....YET!!!
ReplyDeleteNew owners are here - Saratoga (NY money) and Churchill Downs LLC (KY money) so good things are definitely on the horizon with a win/win for all. Casino/entertainment/sports simulcast folks as well as Horsemen along the eastern shore. LONG overdue and something else exciting to look forward than TGIF - psst ONLY 3 days away!!!!
Yeah!
Is it possible for somebody to begin reporting profit or loss? Reporting income is a smokescreen.
ReplyDeleteBut the schools still suffer from bloated wasteful tax sucking bureaucracy
ReplyDeleteGOOD .....then Lower our Taxes by that much ......
ReplyDeleteQuit Taxing us to Death .........
Use Casinos and sell Marajuana to make your money !!!
Weed going to go away. Soon to be AG Sessions is anti drug and believes Regan's war on drugs was great.
ReplyDeleteWhere does all of this casino money go. I would like to know. It seems taxes are always going up. Yet the casinos are making tons of money for the state, I realize they have overhead and have to pay employees,utilities and the like. But all we ever see is the millions of dollars being generated by the casinos.
ReplyDeleteA little more information please.