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Horseshoe Baltimore Casino revenues fall 14.6% in May

A sharp drop in revenues at Horseshoe Baltimore Casino propelled an overall decline in Maryland gaming revenues in May, state regulators said Wednesday.

Overall, gaming revenues for the state’s six casinos were $152,275,799, a 2.7% decline from the May 2018 figures, Maryland Lottery and Gaming announced Wednesday. By far the biggest decline was a 14.6% drop at Horseshoe Baltimore Casino.

“As Maryland’s casinos reach full development of their respective markets, we will begin to see more volatility in month-over-month results, as today’s report shows,” said Maryland Lottery and Gaming Director Gordon Medenica. “We fully expect long-term growth to continue to be positive.”

Four of the six Maryland casinos saw year-over-year increases compared to their May 2018 gaming revenue totals:

MGM National Harbor (3,136 slot machines, 199 table games)
$59,122,476 in May 2019, a decrease of $3,177,971 (-5.1%) from May 2018.

Live Casino & Hotel (3,818 slot machines, 197 table games)
$53,498,401 in May 2019, an increase of $1,477,082 (2.8%) from May 2018.

Horseshoe Casino Baltimore (2,203 slot machines, 147 table games)
$20,559,140 in May 2019, a decrease of $3,518,074 (-14.6%) from May 2018.

Hollywood Casino Perryville (822 slot machines, 21 table games)
$6,912,664 in May 2019, an increase of $126,335 (1.9%) from May 2018.

Ocean Downs Casino (874 slot machines, 18 table games)
$7,237,481 in May 2019, an increase of $804,891 (12.5%) from May 2018.

Rocky Gap Casino Resort (665 slot machines, 19 table games)
$4,945,638 in May 2019, an increase of $7,943 (0.2%) from May 2018.


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