Pent up demand helps east coast, Penn National casinos

The idea that pent up demand would help casinos surge back hasn’t been true for the entire industry, but the U.S. east coast seems to be seeing the phenomena in full force. Maryland’s casinos have come back strong, and Penn National Gaming (PNG) is optimistic that pent up demand could be the road to a full recovery.

Maryland recovery is strong

Maryland’s casinos saw the first full moth of operation in July, and even with limited capacities, three casinos are actually doing bigger business, year on year. LIVE! Casino & Hotel saw gaming revenue of $51.5 million, up 4.5% when compared with July 2019. Revenue was also up at the Hollywood Casino and Rocky Gap casino.

Overall though, numbers are slightly down. With the state’s six casinos combined, revenue came in at $139.9 million, down $9.4 million from the previous year, or 6.3%.