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Maryland casino revenue bounces back in November

Maryland’s three casinos combined to generate $43.1 million in November, the largest amount since August, despite a deepening slump at the state’s first commercial casino in Cecil County.

The Maryland Live Casino, shown here in September, generated $34.4 million in revenue — $241.16 per day, per machine — last month.

Maryland Live Casino at Arundel Mills mall, with 4,750 slot machines, generated $34.4 million last month, the Maryland State Lottery and Gaming Control Agency announced Wednesday, or $241.16 per day, per machine.

By the weekend Maryland Live, by far the state’s largest casino, could see even more customers come through its doors. The Prime Rib steakhouse, the last of the casino’s originally planned restaurants, will have its soft opening this weekend, a casino spokeswoman said.

Meanwhile, on the Eastern Shore, the 800-machine Casino at Ocean Downs in Worcester County generated $3.3 million in November, about $138.14 per machine, per day. Revenue at the casino was up 6.9 percent over November 2011.

But revenue at Penn National Gaming Inc.’s Hollywood Casino Perryville, which has declined since Maryland Live opened June 6, continued to slide. The 1,500-machine casino, Maryland’s first to open in 2010, generated $5.4 million in November, or $120.48 per machine, per day, making it the worst-performing casino in the state on a per-machine basis. Revenue was down 40.5 percent at the casino year-over-year.

Casino operators keep 33 percent of total revenue, giving them $14.2 million of the $43.1 million generated in November. Almost 50 percent of the money goes to the state’s Education Trust Fund, which amounted to a deposit of $21.2 million last month.

The rest of the money is distributed at various percentages to the lottery, horse racing purses, a horse-racing track renewal fund, local impact grants and a special fund for small-, women- and minority-owned businesses.

On Election Day, voters approved a plan to expand casino gambling in the state by building a casino in southern Prince George’s County, legalizing table games such as blackjack and roulette at every Maryland slots parlor and allowing casinos to stay open 24 hours a day. Previously, operators had to pull the plug no later than 4 a.m.

With the election’s results certified, casinos could begin to stay open all day and night later this year. Table games could be installed early next year, after the Maryland State Lottery and Gaming Control Commission approves regulations being finalized this month by the Lottery agency.