Maryland Casinos Post Revenue Rise

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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.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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