MGM National Harbor Impacts Maryland Competition

Opened in December 2016, MGM National Harbor (l.) has had an impact on Maryland casinos. For November 2017 versus November 2016, Horseshoe Casino Baltimore revenue dropped 20.3 percent to $22.7 million and Live Casino & Hotel revenue decreased 13.5 percent to $43.4 million. MGM posted $50.6 million for November, its seventh $50 million-plus monthly report.

MGM National Harbor Impacts Maryland Competition

Opened in Prince George’s County on December 8, 2016, MGM National Harbor, which posted $50.6 million from slots and table games in November, has taken a bite out of revenue at Maryland’s next two largest casinos. Revenue at Horseshoe Casino Baltimore fell 20.3 percent to $22.7 million in November 2017 compared to November 2016, and Live Casino & Hotel reported a 13.5 percent decrease to $43.4 million, according to Maryland Lottery and Gaming Control Agency numbers.

Overall, the state’s six casinos generated $130.5 million, up 41.9 percent, or $38.5 million over November 2016. Excluding MGM, the state’s five casinos lost 13.1 percent in revenue compared to November 2016. November marked the seventh time MGM posted $50 million in monthly revenue.

Ocean Downs reported revenue rose 2.7 percent to $3.9 million. The only casino without table games, an expansion at Ocean Downs will add blackjack, craps, three-card poker and other games. The gaming control agency will conduct a controlled gambling demonstration on December 18 before approving the new games.

At Hollywood Casino Perryville, revenue increased 2.6 percent to $5.7 million, and at Rocky Gap Casino Resort, revenue rose 8.4 percent to $4.1 million.

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