Maryland casinos rebound quickly as the state’s gambling market resumes post-COVID-19

Maryland casinos rebound quickly as the state’s gambling market resumes post-COVID-19

July revenue for some Maryland casinos was greater than it was a year ago

Gambling in any form is one of the most popular entertainment activities for many people, and during the time that most land-based gambling venues were closed in response to the COVID-19 pandemic, most people turned into online gambling to compensate. However, for regular casino visitors, there is nothing compared to the immersive sensation of being surrounded by lights and machines and everything that comes with a live casino experience; therefore, in states like Maryland, people were quick in returning to their normal activities once the state allowed venues to go back to business. Even if forced to operate with limited capacity, at least three properties in the state reported a slight increase in revenue if compared to July 2019.

For all six properties in the state, Governor Larry Hogan gave the authorization to reopen back on June 19. Live! Casino & Hotel, Hollywood Casino and Rocky Gap Casino are going through a solid recovery during the first full month of operations, and all of them reported small jumps in revenue. Live! Casino & Hotel reported total revenue for July of $51.5 million, 4.5% more than what it registered in July 2019. This is a great figure for a small casino, especially when compared to what MGM National Harbor collected, which was $52.3 million in July – that’s a 13.9% decrease for the highest-grossing casino.

Hollywood casino registered $7 million in revenue and lastly, Rocky Gap Casino recorded $5.5 million for the same month. Among the other properties, the Horseshoe Baltimore reported $15.8 million in revenue and the Ocean Downs Casino, $7.76 million. That makes total revenue for Maryland’s land-based casinos in July 2020 $139.9 million.

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