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Maryland Casino Revenues Rise 8.4% to $1.1BN in 2015

��Maryland Casino Revenues Rise eight.4% to $1.1BN in 2015

January 6, 2016 2:50


Maryland has ended 2015 on a strong note soon after its casinos generated revenues of $95.2 million in December, up by eleven% compared to the identical month final 12 months. In addition, all of the state's land-based casinos reported an improve in their yr-on-year revenues in what proved to be a single of the most lucrative December months given that gambling legalization was passed, according to the Maryland Lottery and Gaming Handle Agency.

Top the market place in terms of income was Maryland Reside! Casino, whose three,994 slot machines and 206 table games produced revenues of $54.two million, an improvement of seven.9% from December 2014. Subsequent highest was the Horseshoe Casino Baltimore, which reported a 19% improve in enterprise to $27. Pokerclub three million, the highest development of all Maryland's operations, from its two,202 slot machines and 178 table video games.

The next tier of casinos in terms of dimension also mentioned some extremely extraordinary development benefits Hollywood Casino Perryville with 850 slot machines and 22 table video games was up by five% to $6.3 million Casino at Ocean Downs with 800 slot machines only was up 15% to $3.9 million and last but not least the Rocky Gap Casino Resort with 631 slot machines and 18 table games was up by 14% to $3.five million.

With all 12 months' results counted, it can now be exposed that Maryland's casino business generated $1.1 billion throughout 2015, marking an eight.4% improvement over 2014's tally, and an amazing increase more than the $750 million that was collected in 2013. In 2015, Maryland Live accounted for $629.seven million of revenues, followed by the Horseshoe ($289.4m), Hollywood Casino Perryville ($77.3m), Ocean Downs ($55.9m), and Rocky Gap ($46m).

This 12 months, Maryland is anticipated to see its sixth land-primarily based casino open for organization, following the MGM Resorts Global was granted a license back in December 2013. The MGM Nationwide Harbor will expense about $925 million to total, and in the very first quarter of 2016 will begin hiring about 3,600 individuals in anticipation of opening sometime in the 2nd half of 2016.

Other information: Florida casinos opening this week


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