MGM National Harbor Tops State Casinos Again As Horseshoe Revenue Declines

Approaching its first anniversary, MGM National Harbor generated more than $50 million in revenue in October, while revenue at Horseshoe Casino Baltimore dipped again from a year earlier.

Topping $50 million in monthly revenue for the sixth time since opening last December, MGM National Harbor’s $51.9 million was again more than any of the state’s other five casinos, according to figures released Monday by the Maryland Lottery and Gaming Control Agency.

Overall, the casinos generated $133.2 million — an increase of $37.7 million, or 39.5 percent, over the same month last year, before MGM opened in Prince George’s County.

But revenue at Horseshoe, the casino beside Interstate 95 and near M&T Bank Stadium in Baltimore, declined 26.5 percent from a year earlier, to $19.5 million. That followed declines of 21.3 percent in August and 22.1 percent in September.

Click here to read the rest of the article written by Jeff Barker over at the Baltimore Sun

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