Maryland’s two Baltimore-area casinos saw their year-over-year revenues drop last month, as the overall industry registered a barely perceptible increase.
Gaming revenues from the state’s six casinos added up to $136.8 million in February, 0.1 percent more than the $136.6 million they collected in the year-ago month, according to the latest report from Maryland Lottery and Gaming.
Horseshoe Casino Baltimore and Hanover’s Live Casino & Hotel registered the only two revenue dips last month.
Live Casino’s 2 percent year-over-year decrease was the first downward turn for the casino in a year. Live brought in $46 million in February.
Horseshoe, in South Baltimore, reported $20.7 million in revenue, a 3.6 percent decrease. The casino has struggled to recover since MGM National Harbor opened in Prince George’s County in December 2016, with year-over-year revenue dips in 20 of the past 27 months.
MGM, meanwhile, continued to grow its year-over-year revenue – though not at the same double-digit rates that the casino saw last year. MGM reported revenue of $53.9 million last month, a 1.5 percent increase.