FLINTSTONE — Maryland officials say Rocky Gap Casino Resort’s revenue topped $700,000 during its first 10 days.
The Maryland Lottery and Gaming Control Commission reports that the casino made $776,133 after opening May 22. More than $600,000 was from slots.
Allegany County Commission President Michael McKay told the Cumberland Times-News that it’s too early to think about potential revenue to the county.
“With the projections and the May numbers it is too soon to forecast success or have apprehension,” McKay said. “I’m optimistic and excited by the early results.”
He said he wants to wait to see what happens over two or three years before making any judgments.
“We need to be fiscally prudent. … It’s premature to start commenting and premature for the county to start talking about spending the revenue,” McKay said.
The county and the casino company have an agreement to pay the county at least $295,000 a year.
State officials said combined revenue from the state’s four casinos in May was more than $69 million. A comparison of revenue in May at Hollywood Casino Perryville and Casino at Ocean Downs to a year earlier shows an 8 percent decline, but the addition of Maryland Live Casino in June 2012 and Rocky Gap Casino Resort last month adds a year-to year benefit of more than $36 million.
Last spring, the Video Lottery Facility Location Commission approved a gambling plan for Rocky Gap. Minnetonka, Minn.-based Lakes Entertainment — best known for operating Native American casinos but also involved in projects with Caesars Entertainment Corp. — bid with a partner as Evitts Resort LLC to operate slots at the resort. The partner was bought out last year, leaving Lakes as the sole member of the LLC.
The Board of Public Works approved the deal, selling Rocky Gap Lodge & Golf Resort to Lakes and writing off more than $60 million invested over the years.
Staff writer Alexander Pyles contributed to this report.