Inside Gaming: Big Month for Maryland; Resorts World Construction to Begin; Macau Slide Continues

In this week’s installment of Inside Gaming, we look at Maryland’s record-breaking month of April in terms of gaming revenue, construction finally getting underway on a new Vegas property, and another Macau revenue decline (albeit not as great as predicted).

First $100M-Plus Month Ever for Maryland Casinos

Yesterday Maryland’s Lottery and Gaming Control Agency shared news of increasing gaming revenue, with the five casinos in the state reporting a record-breaking $103.8 million in collective revenue in April, beating the previous record of $98.9 million (July 2015) reports The Baltimore Sun.

That marks five straight positive months for Maryland gaming revenue, a trend that Gaming USA Corp president Alan Woinski notes extends beyond just Maryland.

“It’s a healthy market,” Woinski told The Baltimore Sun. “The economy is better, there is job growth and there are lower gas prices. Many people will jump in the car and go places.” He added that “regional gaming revenue has been up for six months across the country, and Ohio, Maryland, and Pennsylvania have been three of the strongest markets.”

Maryland Live, the largest casino in the state, was responsible for more than 55% of the total gaming revenue, reporting $57.7 million last month or a 13.4% increase year-over-year. Meanwhile Horseshoe Casino Baltimore was up 31.9%, earning $30.2 million for the month.

The smaller casinos also enjoyed increases in April, with the Hollywood Casino Perryville up 2% (to $7 million), the Rocky Gap Casino Resort up 6.1% (to $4.1 million), and the Casino at Ocean Downs up 8.9% (to $4.6 million).

A sixth casino built by MGM in Prince George’s County is scheduled to open later this year.

For more on Maryland’s big month, travel to The Baltimore Sun.

Resorts World Las Vegas Construction to Begin Late 2016

A full year after a ceremonial groundbreaking, the announcement was made this week that actual construction will at last begin on the new Resorts World Las Vegas during the last quarter of 2016, with initial preparations …

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