Maryland casinos pick up steam in regional market; Hollywood revenues down slightly

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Hollywood Casino, Perryville,  saw only a small drop in revenues in June as  Maryland casinos  appeared to take a larger chunk of the regional market.

This comes as Pennsylvania, for the first time, saw a small monthly  decline in casino revenue. Delaware does not release monthly results. Casino representatives  in the First State have said business is down and layoffs are possible.

Dover Downs Gaming and Entertainment has reported recent quarterly losses,  the result of less business and a decision by the state to take a bigger piece of the action in an effort to plug a budget gap during the economic downturn.

June 2013’s combined statewide revenue totaled $66,497,305 in Maryland.

Hollywood Casino Perryville generated $7,784,814 from both slot machines and table games in June.  Gross gaming revenue per unit per day was:  $185.75 for slot machines, $2,788.31 for banking table games and $1,367.60 for non-banking table games.

Hollywood Casino’s June 2013 revenue decreased by $173,060 or 2.17% from May 2012. The casino had seen double-digit declines with the opening last year of Maryland Live Casino near Baltimore.

Hollywood Casino Perryville operates 1,158 slot machines and 22 12 banking and 10 non-banking table games.  The facility debuted its table games  in early March.

The Casino at Ocean Downs, near Ocean City,  generated $4,810,673 in June, and its gross gaming revenue per unit per day was $200.44. Casino at Ocean Downs’ June 2013 revenue increased by $415,022 or 9.4% from June 2012.  The Casino at Ocean Downs operates 800 slot machines.

Maryland Live Casino generated $51,415,759 from both slot machines and table games in June.  Gross gaming revenue per unit per day was:  $276.34 for slot machines and $4,276.44 for banking table games.  Maryland Live operates 4,314 slot machines and 122 banking table games.  Maryland Live’s June 2013 revenue increased by $22,934,281 or 80.5% from June 2012. The casino added table games in April.

Maryland Live generates the most revenue of any casino in the Pennsylvania-New Jersey-Maryland-Delaware market.

Rocky Gap Casino Resort in western Maryland generated $2,486,060 from both slot machines and table games in June.  Gross gaming revenue per unit per day was:  $128.59 for slot machines and $1,111.67 for banking table games.  Rocky Gap Casino Resort operates 558 slot machines and 10 banking table games.  The casino opened to the public on May 22.

The state reported June casino revenue increased from June 2012 by $23,176,243 or 56.76%.  June’s figures brought total fiscal 2013 gross casino revenues to $608,348,515, exceeding the Board of Revenue  estimates by $76.84 million. Click on the link below for detailed figures from the state.

via Maryland Casinos Generate $66.49 Million in Revenue During June.

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