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Casino revenue drops in October

Maryland’s casinos brought in $12.9 million in October, a decrease of $1 million from the month before, according to figures released Monday by the Maryland State Lottery Agency.

Hollywood Casino Perryville accounted for $9.1 million, a 20 percent decline from October 2010. Casino officials have attributed that strong showing one year ago to the buzz surrounding the slots parlor in its first full month of operation.

“That first opening month last year, it’s going to be a tough comparison,” said Marc DeLeo, the casino’s marketing director. “The awareness that we had out there, being the first casino in Maryland, it was off the charts. People wanted to come check us out.”

Perryville’s 1,500 slot machines averaged $195.58 in revenue per day, below the state projections of $210.

DeLeo said October’s figures were slightly below expectations and attributed the slack month to a snowstorm that kept many would-be gamblers at home on the final Saturday.

“November has started off pretty well for us so far,” he added. “We’re ahead of last year.”

The Casino at Ocean Downs reported $3.8 million in revenue last month and an average revenue figure of $154.41 for its 750 gambling terminals, slightly above state expectations.

The October figure showed a drop-off from the summer months. The casino, located off Route 50 outside of Ocean City, averaged $4.8 million in revenue during July, August and September.

Of the October revenue, nearly half, or $6.3 million went to education. Casinos kept a total of $4.3 million and the rest was split among subsidies for horse racing, local grant programs, minority business programs and the state’s administrative costs.