Maryland Live retakes top casino spot

WASHINGTON — In its second full month of operations, MGM National Harbor casino and resort slipped to second place for gambling revenue generated among Maryland’s six casinos, with Maryland Live reclaiming its top spot.

All six casinos generated $128.7 million in gambling revenue in February, up 38 percent from a year ago, thanks to the addition of MGM National Harbor.

For the month of February, Maryland Live generated $46.2 million in revenue from slots and table games, compared to $45.8 million for National Harbor. Even so, Maryland Live’s revenue was down about 14 percent from last February, likely evidence that MGM continues to siphon off some of its business.

In January, National Harbor’s first full month of operations, MGM had $48.8 million in revenue, topping Maryland Live by about $4.8 million.

The state’s four other casinos were nowhere close to Live and MGM for revenue generated in February.

Horseshoe Casino in Baltimore had $22 million. Hollywood Casino in Perryville generated $6.2 million. Rocky Gap Casino Resort generated $4.4 million in gambling revenue, and Casino at Ocean Downs generated just over $4 million.

Despite slipping to second place for gambling revenue in February, MGM National Harbor is not hurting for business.

The resort said it is drawing an average of 22,000 visitors a day and is at capacity on most weekends.

MGM investors will get their first good look at how the company’s $1.4 billion investment in National Harbor – along with its 308-room hotel, more than a dozen restaurants, retail and concert venue – is paying off when the company releases first quarter results next month.

Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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