Quantcast

Perryville casino takes in $9M in February, best month since October

Hollywood Casino Perryville’s revenue went up in February to $9 million, its highest total since October.

The state’s two casinos reported they made $12 million in February, according to figures released Monday by the Maryland Lottery Agency. Hollywood Casino Perryville’s revenue for the month was $1.3 million higher than January. This is the second straight month that revenue has increased at the state’s first casino.

“With only 28 days, overall we’re real happy with business volumes,” said Marc DeLeo, the casino’s director of marketing.

The Cecil County casino, which opened Sept. 27, brought in $11.3 million in October, its first full month of operations. But its revenue dropped significantly in November and December, to as low as $6.5 million. Last month’s revenue was helped along by a new rule allowing the casino to offer customers complimentary food and beverage.

For February, the casino started stronger marketing efforts. Some of those efforts included giving away LCD televisions and Carnival cruises, and doubling the amount of complimentary food on Wednesdays. DeLeo also said the improved weather has helped bring in more visitors to the casinos.

“Perryville’s active in its marketing, they’re running strong promotions,” said Lottery Director Stephen Martino, the state’s top gaming regulator.

Hollywood Casino Perryville, owned by Penn National Gaming Inc., has brought in $44.3 million for its fiscal year to date. The Casino at Ocean Downs in Worcester County also brought in $3.1 million, for a total of $6.2 million since opening in January.

Officials from Casino at Ocean Downs could not be reached for comment Monday.

Each of the Perryville casino’s 1,500 slot machines averaged $214.80 per day. The Casino at Ocean Downs, which has 750 machines, made $146.86 per machine per day. The state had projected the Perryville machines would make about $210 per machine per day. But Martino said that projection could be off by 20 percent and the state would still be happy with the numbers.

“The projecting of gaming revenue is not an exact science,” he said. “We’ve had changing conditions.”

Martino said as the weather improves, he expects slots revenue to pick up, particularly at Ocean Downs.

Between both of the casinos, the state has received $50.5 million so far.

The largest portion of the February revenue, $5.8 million, will go to the state’s education fund. The casinos keep one-third of the revenue.

Maryland’s third gaming facility, Maryland Live! Casino, broke ground Jan. 27 for its temporary facility and is scheduled to open next to the Arundel Mills mall at the end of this year. The permanent casino is to open at the end of 2012.

Leave a Reply

Your email address will not be published. Required fields are marked *

*