Maryland casinos had a good November after a near double-digit drop in October.
The six licensed casinos in the state grossed a total of $140.8 million for the month. The figure represents a slight 0.5 percent year-on-year increase. Much to the comfort of industry stakeholders, November figures couldn’t have been more relieving after the casino revenues tumbled 9 percent just a month earlier.
However, the casino operators had little to cheer about. Despite an increase in year-on-year revenues, the total they pulled in for November fell short by over 2 million from what Maryland casinos took in October. The casinos grossed $143.9 million in revenue in October.
The Rocky Gap Casino Resort and Anne, A rundel County’s Live Casino and Hotel, were the two jewels in the crown as the two gambling facilities posted an 11.1 percent and 8.7 percent year-on-year increase respectively.
The usual shining stars lost their luster. The two popular casinos MGM National Harbor and Horseshoe Casino Baltimore saw a decline in their monthly revenue. The two casinos posted a 6 percent drop in revenue when compared with the revenues generated during the same period the previous year.
For the South Baltimore casino, 2019 has been dull. The gambling facility has been battling stiff competition cutting into its overall revenue so far in the year.
However, on the brighter side, despite a decline in revenue, the MGM National Harbor remained the most significant contributor regardless. The casino grossed more than any other gambling venue as it took in $53.9 million in November, followed by Live Casino pocketing $52.9 million.
Among others, the Hollywood Casino Perryville posted $5.8 million in revenue, representing a 6.3% year-on-year increase. Oceans Down casino grossed $5.4 million, representing a modest 3.7% increase.