Maryland Casinos Post Revenue Rise

Three casinos in Maryland posted an overall year-on-year increase in revenue in the first full month of reopening following corona-induced lock down.

Live! Casino and Hotel registered $51.5 million in July, a rise of 4.5% from July 2019.

Hollywood Casinos amassed $7 million, while Rocky Gap Casino collected $5.5 million.

Horseshoe Baltimore and Ocean Downs Casino generated revenues of $15.8 million and $7.76 million, respectively, as gross gaming revenue (GGR) in the state for July 2020 reached £139.9 million, which is a drop of 6.3% year-on-year.

Gordon Medencia, Director of Maryland Lottery and Gaming, said:  “Our theory at this point is that there really is just no place else for people to spend discretionary entertainment dollars. There are no movies. There are no sports. There are no concerts. It has obviously been to our benefit.”