Maryland’s casinos posted record revenue in July but fell just shy of cracking the $100m mark.
The state’s five casinos posted revenue of $98.95m, up 8% from June’s total and up 30% from the same month last year. However, stripping out revenue generated at Horseshoe Casino Baltimore, which wasn’t open last July, like-for-like revenue at the state’s other four casinos was down 2%.
As ever, Maryland Live was the state’s top money-maker, although its revenue slipped 2.2% year-on-year to just under $57m. The Horseshoe ranked second with $24.4m, an improvement on June’s $23m but $300k less than the property’s personal best month in March and much less than the $31m monthly revenue the property was projected to earn prior to its opening last August.
The other three casinos were a mixed bag, with Hollywood Casino Perryville falling 8.1% to $6.9m, Ocean Downs rising 4.9% to $6.3m and Rocky Gap up 4.1% to $4.3m. It remains to be seen how these also-rans will fare when the state’s sixth and final casino, MGM Resorts’ $1.3b National Harbor property, opens sometime in the second half of 2016.