Maryland Live back on top in state casino revenue

Wednesday, 13 September 2017, 06:37:14 PM. Maryland Live back on top in state casino revenue
Maryland Live, which lost its position in January as the state's top revenue-producing casino, leapfrogged the 3-month-old MGM National Harbor last month to regain the No. 1 spot. Maryland Live, battling to retain its market share, generated $46.2 million from slot machines and table games in February, according to figures released Monday by the state Lottery and Gaming Control Agency. That compared to $45.7 million for MGM National Harbor, which opened in December to capacity crowds. Maryland Live's advantage is partly slots-driven. It has more machines than its Prince George's County rival — 3,941 to 3,212 — and recorded slightly higher gross gaming revenue per unit, a measure of what the casino shares with the state after players collect their winnings. Maryland Live and Horseshoe Casino Baltimore expected to see declines as the state's gaming market absorbed the large new competitor on the Potomac River across from Virginia. Maryland Live's February revenue was down 14.3 percent compared to the same month a year earlier. But that decline was less steep than state consultants had forecast and did not prevent the casino from regaining the top position. Jeff Barker and Natalie Sherman The $1.4 billion MGM National Harbor leapfrogged Maryland Live as the state's top revenue-producing casino in January, its first full month of operation. The new Prince George's County casino, which opened in early December, generated $48.8 million from slot machines and table games, making it...Read more
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