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West Virginia casino expects revenue drop amid competition

January 2nd, 2017 by WCBC Radio

 In days gone by, Hollywood Casino at Charles Town Races was one of the only gambling and racing destinations for the Washington, D.C., area residents to choose from. They would come to Charles Town by the busload.

These days, there are many gambling options in Maryland, including the new MGM National Harbor casino, that are drawing business and profits away from the Charles Town casino.

According to the West Virginia Lottery, in the first two weeks since the $1.4 million National Harbor casino opened, video lottery revenues at Hollywood Casino are down about $670,000, or 19.5 percent, and table gambling revenues have dropped 22 percent, or about $214,000.

 

Hollywood Casino Senior Vice President of Public Affairs Eric Schippers said that the casino knew the day when MGM National Harbor was coming and prepared for it.

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