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MGM National Harbor leads state's casinos, posting $50.8 million in July revenue

MGM National Harbor generated more than $50 million in revenue for the fourth straight month in July, leading the state’s casinos while decreases continued at Maryland Live Casino and Horseshoe Casino Baltimore.

The eight-month-old MGM, Maryland’s newest casino, reported $50.8 million in revenue from both slot machines and table games last month, the Maryland Lottery and Gaming Control Agency reported Monday. After opening in December, MGM topped $50 million for the first time in March and has repeated that performance each month through July.

Together, the state’s six casinos generated $138.8 million in July, a 33.6 percent increase over last July including MGM’s revenue. Not counting MGM, which has taken some market share from others, casino revenue fell by more than 15 percent.

Maryland Live in Hanover reported $46.8 million in sales from slot machines and table games, a drop of 22.5 percent compared with July 2016. Horseshoe Casino in Baltimore had sales of nearly $23 million, a decline of 8 percent.

Revenue also was down at Hollywood Casino Perryville, which generated $6.6 million from both slot machines and table games, a 2.4 percent decrease, and at Casino at Ocean Downs, which generated $6.5 million from slot machines, a 1.4 percent decrease. Ocean Downs does not operate table games.

Sales were essentially flat, up just 0.3 percent, at Rocky Gap Casino Resort, which generated $5 million from both slot machines and table games in July.

MGM, a $1.4 billion development across the Potomac River from Virginia, has been cutting into its competitors’ business while also boosting the gambling sector in the state. Because of its proximity to tourist destinations in Washington, MGM is seen as having a leg up during the summer months.

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