Maryland casinos' December figures show second-best revenue month ever

Maryland’s six casinos generated $141 million in December, the second-best revenue month since the first casino opened in the state in 2010.

The near-record month was led by MGM National Harbor, which reported $56.5 million from table games and slot machines, according to figures released Friday by the Maryland Lottery and Gaming Control Agency.

December marked MGM’s first anniversary. The casino, in Prince George’s County across the Potomac River from Virginia, saw revenue increase by 34.9 percent from December 2016. That was an abbreviated first month for the $1.4 billion casino, which opened on Dec. 8 and drew 170,000 people its first week.

Maryland’s casino revenue record was set in March — $141.2 million, which tops last month’s total by $131,988.

Analysts say a strong economy has benefited the casinos’ bottom line. They say MGM has an advantageous location near Washington and Virginia, neither of which has casinos.

Before MGM opened, Live Casino & Hotel — formerly called Maryland Live — was the state’s largest casino. Located at Arundel Mills mall in Hanover, Live reported $47.2 million in December revenue, down 1.7 percent from December 2016. Live will open a $200 million, 310-room hotel this year.

Horseshoe Casino Baltimore continued to see revenue slip. Horseshoe generated $23.9 million in December, down 19.5 percent compared to December of the previous year.

Comparing the same period, Ocean Downs Casino’s revenue of $3.7 million was down 9 percent. The formerly slots-only casino in Worcester County introduced table games late last month.

Revenue was up 6.8 percent to $3.8 million at Rocky Gap Casino Resort in Western Maryland comparing December 2017 to December 2016. For the same period, Hollywood Casino Perryville saw revenue slip 5.5 percent to $5.7 million.

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