Maryland Live! Revenue Rises, Perryville Casino Lags

Casino at Arundel Mills saw revenue increase by 25 percent in its second month.

Action at the Maryland Live! casino drove record gambling revenues to the state in July, but revenue lagged at one of the other facilities in the state, the Maryland Lottery reported Monday.

The three casinos in Maryland brought in $48 million in revenue in July, paced by $35 million from the new Maryland Live! facility at Arundel Mills.

The overall casino revenue in the state increased by about $8 million. But revenue dropped at the Hollywood Casino in Perryille, which has seen its income drop by nearly one-third in the last 12 months.

In July, Maryland Live! saw revenue grow 25 percent, up from from $28 million in June. (The casino opened on June 6.)

Casinos kept about $15.8 million of the revenue in July, with the rest distributed to Maryland’s Education Trust fund, the horse racing industry, the Maryland Lottery, and local businesses.

The casinos funneled $23.3 million to the education trust fund, up from $19.8 million in June.

Maryland Live! officials said revenues were in line with their projections.

The casino paid out $195.6 million to casino customers in July, with $8.7 million in jackpots of $1,200 or higher.

Casino revenue is expected to rise further this year, as Maryland Live! collects added on July 27. (It is now up to 3,171 terminals.) The casino is also building a concert stage and additional restaurants.

But July figures suggest that increases in revenue from Maryland Live! could be offset at least partially by losses elsewhere.

Revenue from Hollywoo Casino in Perryville fell from $7.9 million in June to $6.9 million in July. It also declined about $3.3 million—or 32 percent—from July of 2011.

Officials from the Cordish Companies, which operates Maryland Live!, said the loss of casino revenue at Perryville underscores their concern that the addition of more casinos in the state will lead to oversaturation. They have opposed efforts by Gov. Martin O’Malley and the state legislature to approve a license for a new casino at National Harbor in Prince George’s County.

Maryland currently has three operational casinos. A license has been granted for a fourth facility in Baltimore City and another in Allegeny County.

The legislature will meet in a special session beginning Friday.

“The July numbers reinforce it is premature for the State to consider an expansion of gaming before ensuring that Maryland can actually support the five existing licenses,” said Joe Weinberg, Managing Partner of the Cordish Companies, in a press release.

“Maryland Live!’s results show approximately 50 percent of its customer base is from the District of Columbia, Virginia, Prince George’s and Montgomery Counties, markets located within 30 miles of Maryland Live!" said Weinberg. "Actual data clearly shows the State risks undermining the health of the entire Maryland gaming industry by adding a 6th mega casino in Prince George’s.”


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