In the final month of 2019, MGM Resorts’ Maryland casino reaffirmed its dominance while Caesars Entertainment’s local venue remained on its downward trajectory.
The Maryland Lottery & Gaming Agency released figures on Monday which show the state’s six casinos generated total gaming revenue of $149.1m in December, an increase of less than 1% from the same month last year but approximately $8.3m more than November 2019’s total.
In November, MGM’s National Harbor casino almost gave up its traditional market-leading position; however, reasserted its authority with total gaming revenue of $62.6m in December, increase of 4.5% from December 2018 and $8.7m more from November 2019.
As reported by calvinayre.com, Cordish Gaming’s Live! Casino & Hotel, came within $1m of overthrowing National Harbor in November but couldn’t keep pace with its contender in December. Live! generated $51.8m in December, a 3.4% year-on-year increase but only around $1m more than November’s mark.
Caesars’ Horseshoe Casino Baltimore, which has suffered the most after National Harbor’s December 2016 opening, saw no in December. The Shoe’s revenue fell 15.7% year-on-year to a bit over $18.7m, almost reaching the property’s all-time low of $18.3m last August.
It was a mixed month for the state’s three smaller operators, with Hollywood Casino Perryville dropping 3.5% year-on-year to $6.06m, while Oceans Downs Casino increased 3.7% to $5.64m and Rocky Gap Casino Resort dipped 4.5% to $4.23m.
The state’s casinos generated combined revenue of $1.757b for the year as a whole, an increase less than 1% from 2018’s total of $1.746b. National Harbor’s 2019 outcomes were up less than 1% to $707m, while Live! experienced revenue rising 4.4% to just less than $601m and the Shoe’s revenue slid 8.5% to $237.9m.
No Maryland casino would refuse an extra revenue stream, which could be imminent if state legislators approve a new bill pre-filed by state Sen. Chris West prior to the 2020 legislative session. Unfortunately, any such step would require passing a voter poll this November before it could be realized, so a betting increase won’t possibly arrive until 2021.