www.baltimoresun.com/business/bs-bz-june-slots-revenue-20110705,0,3755234.story

baltimoresun.com

June slots revenue down for second straight month

Perryville casino business continues decline; Ocean Downs climbs

By Hanah Cho, The Baltimore Sun

8:01 PM EDT, July 5, 2011

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Slots revenue from Maryland's two casinos declined in June for the second straight month, dropping 5 percent to $12.61 million, the Maryland Lottery reported Tuesday.

Hollywood Casino Perryville, the larger of the two, brought in some $784,000 less than in May.

The 1,500-machine casino, which opened in September, took in $8.82 million, down from $9.61 million the previous month. The casino generated an average of $196.05 per machine per day in June.

The decline at Perryville was offset in part by revenue increases at the smaller Casino at Ocean Downs, which took in nearly $3.78 million last month, up from $3.69 million in May.

Sales at the 750-machine Eastern Shore casino have steadily increased since it opened in January. Owner William Rickman told state racing regulators last week that revenue has been lower than anticipated.

State officials and analysts expect the casino near Ocean City to do its strongest business during the summer months, when more tourists are in town.

In May, the state's two casinos took in $13.29 million, down about 2 percent from April.

Since the Perryville casino opened last fall, the two casinos have generated $103 million in revenue. That money reflects sales after winners are paid out.

About half of the revenue, or $49.98 million, has been set aside for the state Education Trust Fund.

The casinos keep 33 percent, while the remaining money is split among several entities, including the Maryland Lottery, the horse racing industry, local government and small, minority- and women-owned businesses.

hanah.cho@baltsun.com

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