Maryland Live! posts strong June numbers
July 3, 2012
Maryland Live! Casino, which opened June 6, generated over $28 million in gaming revenue in June, a win per machine per day of approximately $359.27. The facility returned in excess of $19 million in gaming taxes to the state of Maryland, which imposes a 67% tax rate. The new $500 million facility, located at the Arundel Mills Mall in Hanover between Baltimore and Washington, D.C., is the third largest commercial casino in the U.S., operating 3,200 slot machines and electronic table games at present; a number which will rise to 4,750 when the project is completed this fall.
"The results are right in line with projections," said Joe Weinberg, Managing Partner, The Cordish Companies. "Approximately 500,000 people visited the casino during its first 24 days of operation. Critically, they came from a very wide geographic area, with roughly half of our visitors coming from the District of Columbia, the Maryland counties surrounding D.C., and Virginia. It is clear that if we are going to continue to meet the State's expectations, we have to be able to continue to draw visitors from these areas."
Maryland Live! Casino paid out more than $169 million to casino customers through the month, including $6.8 million in jackpots of $1,200 or higher.
"We've delivered a true Las Vegas-style customer experience combined with the convenience of a regional facility," stated Robert J. Norton, President and General Manager, Maryland Live! Casino. "The opening of the new interchange at Arundel Mills Boulevard and MD 295 makes access to the casino and mall extremely convenient, and our state-of-the-art garage allows patrons to have free covered parking and easy access directly into the casino."
Maryland Live! Casino sits at the top of the state’s three-casino market. Hollywood Casino Perryville, a 1,500-machine property in Cecil County, posted revenues of $8 million in June, a 9.8 decrease from June 2011. The Casino at Ocean Downs, which operates 800 machines in Worcester County on the Eastern Shore, generated approximately $4.4 million, up 16 percent from a year ago.
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