According to the latest report, the income resulted from the operations of Maryland’s casinos has significantly diminished. The report states that the six casinos of the state saw revenue of roughly $163.2 million from table games and slot machines, marking a reduction of $11.6 million on a year-on-year basis.
This fall in income has resulted in the gaming industry’s lower contributions to the state, dropping about $2.6 million to an approximate $69.8 million.
These statistics illustrate a year-on-year downfall across the board according to the return filed by the casinos. A single casino, Hollywood Casino located in Cecil County, contradicted the trend and reported revenue growth. To provide specifics, its revenue witnessed a 6% increase, amounting to $7.93 million.
Conversely, the Live! Casino and Hotel in Anne Arundel Country, which is home to nearly 3,800+ slot machines and nearly 180 table games, reported a revenue decline of $1.14 million. Despite this marginal drop, the property’s total income remained at $60.86 million.
Experiencing a 7.6% decline was the Ocean Downs Casino situated in Worcester County, decreasing to $7.32 million. MGM National Harbor in Prince George’s County noted a 9.8% dip in revenue, falling to $68.8 million.
A decrease of 10.8% was reported at the Horseshoe Casino in Baltimore. The revenue for Rocky Gap Casino in Allegany County hoarded a larger drop of 20.6%.
Robbery at Horseshoe Baltimore
Notably, the Horseshoe Casino was the recent location of an armed robbery. A man named Justin was confronted by two concealed robbers who aimed guns at his head and demanded all his possessions. For his own safety, Justin decided to cooperate.
Later, Justin mentioned that people visiting casinos deserve to feel secure. He voiced out his concerns regarding the insufficient security of the property and the potential of the garage as an easy target for illegal activities. He further commented about how vulnerable these spots are, labeling them as “zones of real terror”.
Meanwhile, Maryland continues its endeavor to legitimize online gaming. However, due to some obstructions, an iGaming bill has been postponed until 2026.
