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Rocky Gap Casino revenues on the rise

September 7th, 2016 by WCBC Radio

The casino, located adjacent to Arundel Mills mall, is breaking ground soon on a $200 million hotel, event center and spa.

Maryland Live had reported $60.4 million in July, its second highest total ever. Its only better month was March of 2014 ($61.8 million) before rival Horseshoe Casino Baltimore opened, creating new competition.

All of the other casinos except Hollywood Casino Perryville reported revenue increases in August over a year earlier.

Horseshoe reported generating $27.7 million in August, a 0.5 percent increase. Revenue at the casino, which opened in August 2014, increased about 10 percent over its inaugural year.

Analysts have attributed Maryland's upward casino trend to favorable economic conditions in the region and increasingly effective marketing. Construction continues on a sixth Maryland casino, the MGM National Harbor resort in Prince George's County, scheduled to open by the end of the year.

Ocean Downs in Worcester County reported revenue of $6.2 million, a 2.1 increase. Rocky Gap Casino Resort in Allegany County generated $4.5 million, up 3.4 percent.

Hollywood Casino Perryville in Cecil County generated $5.9 million, a decrease of 9.5 percent.

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