Maryland Live Casino has taken the top spot in slot machine revenue in the Mid-Atlantic region.
The casino announced its revenue of $44.6 million outperformed all other regional casinos. The property’s net revenue was more than 20% higher than the next highest competitor.
The figure was higher than the combined slots revenues of all three of Delaware’s casinos.
The March figures showed Delaware Park and Dover Downs were neck and neck with each having slots revenues of $15 million-plus.
The figures also reflect the problems at Atlantic City’s Revel, a $1 billion resort that only generated $4.3 million in slots revenues in March. That was a little more than half the take at Cecil County’s far more modest Hollywood Casino Perryville. Hollywood has seen a sharp drop in revenue following the opening of Hollywood Live.
Maryland Live opened to the public in June 2012 and has little nearby competition in the the Baltimore area. The casino is near the Baltimore-Washington International Airport and also draws customers from the Washington, D.C. Area.
The casino is believed to be a factor in lower revenues in Delaware.
The competition with Delaware, Pennsylvania and other states is expected to intensify as table games, with Maryland Live adding table games this month.
According to a release, the State of Maryland receives an average of $1 million a day in taxes from Maryland Live. Maryland has among the nation’s highest taxes on gaming.
Maryland Live! Casino is owned and operated by The Cordish Companies, which is actively vying for the final available gaming license in the City of Philadelphia, in order to develop a $425 million Live! Hotel & Casino in the South Philadelphia stadium area (in partnership with Greenwood Gaming).
In addition, the Company has applied for a license in Massachusetts.
March 2013 Net Slot Revenue. All New Jersey casinos are in Atlantic City.
- Maryland Live, $44,613,545
- PARX, Pennsylvania, $36,417,120
- Borgata, New Jersey, $30,802,751
- Sands Bethlehem, Pennsylvania, $27,451,189
- Rivers, Pennsylvania, $27,435,784
- Harrah’s Philadelphia (Chester, Pennsylvania, $23,899,400
- Penn National, Pennsylvania, $22,884,326
- The Meadows, Pennsylvania, $21,583,272
- Harrah’s, New Jersey, $20,640,327
- Mohegan Sun, Pennsylvania, $20,419,377
- Sugarhouse, Pennsylvania, $17,804,390
- Delaware Park, Delaware, $15,362,600
- Dover Downs, Delaware , $15,201,200
- Caesars, New Jersey, $14,184,995
- Trump Taj Mahal, New Jersey , $13,452,305
- Mount Airy, Pennsylvania, $13,127,952
- Presque Isle, Pennsylvania, $12,651,306
- Tropicana, New Jersey , $12,250,888
- Bally’s, New Jersey, $11,850,559
- Showboat, New Jersey, $11,125,562
- Harrington Raceway and Casino, Delaware, $9,271,600
- Atlantic Club, New Jersey, $8,164,388
- Hollywood Casino Perryville, Maryland, $8,020,347
- Golden Nugget, New Jersey, $6,561,281
- Resorts, New Jersey, $6,241,005
- Valley Forge, Pennsylvania, $5,661,256
- Trump Plaza, New Jersey, $4,419,235
- Revel, New Jersey, $4,340,114
- Ocean Downs, Maryland, $3,948,739
