The $1.4 billion MGM National Harbor becomes largest casino of Maryland in terms of revenue generation.
The state currently has six casino projects including MGM National Harbor and Maryland Live, but it was MGM national Harbor did a great job and generated huge amount of money.
The state’s six Casinos generated an amount of $126.2 Million in January, which is up by 42.8 percent than its previous record in January 2016.
MGM National Harbor which opened last year on Dec. 8 generated $48.8 Million from its slot machines and table games in January 2017, which is largest in all six casinos of Maryland.
According to the Maryland Lottery and Gaming Control Agency, most of the casinos have done well, but MGM is at par. The Agency reported about the revenue on Monday.
You remember that many gaming analyst were not happy because of the development of sixth casino in the state, dud to volatility of the market, but things have changed now and it is MGM leading the market share.
MGM National is having a huge fan base. People are visiting the casino-place without any doubt. It is becoming a prominent place for not only for visitors of the state but from neighboring places as well.
Out of total $126.2 Million, MGM generated revenue amount $48.2, which is one third of total.
Horseshoe Casino Baltimore generated total casino-revenue of amount $20.2 million which was down by 14.5 percent than its previous year’s record.
Meanwhile Maryland Live Casino’s revenue was down by 15.6 percent, but it still managed to do well and had $44 million in January.
MGM accounted for more than a third of the $126.2 million generated by all of the state’s casinos in January.
The revenue for Hollywood Casino was $5.8 million in January 2016, which is up by 4.6 percent, and Rocky Gap Casino Resort revenue was $3.7, which is up by 11.8 percent. The Ocean Downs made $3.7 Million, down by 1.2 percent.
It looks like after this report everyone believes that MGM national has the potential to get more customers. It would become the engine of growth in Maryland’s Casino.