MGM National Harbor raked in nearly $42 million in gross revenue during its first three weeks of operation, helping to give the state’s casino industry a record-breaking December, according to data released by the Maryland Lottery and Gaming Control Agency.
The figures put the newly-opened casino on pace to meeting revenue projections, while elevating Maryland’s gambling scene as an attraction for not only local and regional gamblers but also visitors from along the East Coast and the continental United States.
But the Dec. 8 opening of the Prince George’s resort also took a toll on some its competitors, drawing business from nearby Maryland Live in Anne Arundel County, and as far away as Hollywood Casino at Charles Town Races in West Virginia.
Maryland Live, the state’s largest and most profitable casino, registered an 11 percent drop in revenue in December compared to the previous year. Still, gross gambling revenue for the casino was $48 million in December and it finished the year as the biggest generator of gambling revenue in the state. West Virginia officials reported loses of up to 20 percent at the Charles Town casino.
Click here to read the rest of the article written by Luz Lazo over at the Washington Post