US – MGM National Harbor helps drive record month in MarylandBy Phil - 7 November 2018
Maryland’s six casinos reached new revenue high in October, driven by a 41 per cent year-over-year increase at MGM National Harbor.
The state’s six gaming floors generated nearly $158m, marking an 18.6 per cent increase from October 2017, surpassing the previous record month total of $156.6m set in May.
MGM National Harbor’s 3,136 slot machines and 198 table games generated $73.4m in GGR representing 46 per cent of the state’s casino market.
The casino, which opened in December 2016, generated $196.6m in net revenue last quarter, making it MGM’s fifth-highest earning casino behind the Bellagio, MGM Grand and Mandalay Bay, all in Las Vegas, and the Borgata casino in Atlantic City. MGM National Harbor is already the largest tax contributor to Prince George’s County, and the largest tax contributor among the six gaming license holders in the state of Maryland.
In second place, Live! Casino & Hotel brought in $47m, an increase of 2.6 per cent from ta year earlier. In third place Horseshoe Casino Baltimore’s GGR came in at $21.1 m marking a 7.6 per cent rise.
Ocean Downs Casino saw its revenue increase 15.8 per cent to $6.1m.
Two casinos in the state posted falls in GGR with Hollywood Casino Perryville down by 1.4 per cent to $5.85m and Rocky Gap dropping 3.8 per cent to $4.5m.