Maryland’s casino industry continued to grow strongly last year as revenue swelled 8.2 percent to nearly $1.75 billion, according to data compiled by state casino regulators.
Five of the state’s six casinos saw revenue growth in 2018 with MGM National Harbor seeing the biggest gain, while Horseshoe Casino Baltimore faltered. The reports, from the Maryland Lottery and Gaming Control Agency, also show the extent to which slots remain king despite the state’s legalization of table games a few years ago.
The MGM casino, which opened on the Potomac River in Prince George’s County in December 2016, saw revenue grow nearly $100 million last year to about $705 million.
The impact of MGM’s arrival may have pinched Horseshoe Casino Baltimore the most. Revenue slipped nearly $12 million at the Russell Street casino, near M&T Bank Stadium, to $260 million in 2018.
Revenue at Live Casino & Hotel at Arundel Mills mall in Hanover rose 5.5 percent to $575 million.
Click here to read the rest of the article written by Jeff Barker over at the Baltimore Sun