casino

Dover Downs website

The numbers are out for Maryland casino revenue.

As of last month the combined state wide total was $103.8 million dollars.

That’s up five percent from last year in July.

The biggest winner was Maryland Live Casino which raked in over $60 million in revenue while the Horseshoe Casino in Baltimore produced revenue of nearly $25 million.

Hollywood Casino Perryville generated $6.7 million with Ocean Downs earning around $6.5 million.

Ocean Downs is being bought by Churchill Downs Inc. and Saratoga Casino Holdings LLC.

Don Rush

BERLIN, Md. (AP) - A Kentucky racing company and a New York casino firm will buy the Ocean Downs casino and racetrack.

Churchill Downs Inc. and Saratoga Casino Holdings LLC announced Tuesday that they formed a joint venture to buy Ocean Downs

Ocean Downs, a 67-year-old facility, takes up 168 acres of land in Berlin on the Eastern Shore. It has 800 video lottery terminals and electronic game tables, and has harness racing. It employs about 235 workers.

Maryland Live Casino, marylandlivecasino.com

HANOVER, Md. (AP) - The Cordish Cos. plans to break ground this fall on a hotel next to its Maryland Live! Casino.

Media outlets report that the real estate developer announced the construction schedule on Monday for the $200 million hotel. The 17-story building will be about 350,000 square feet. The company hopes to complete the building by the end of 2017.

Rob Norton, president of Cordish Global Gaming Group, says adding a resort hotel to the casino at Arundel Mills will make the state's largest casino more of a destination.

Don Rush

BALTIMORE (AP) - Maryland casino revenue was $103.9 million in April, a new monthly high.

The Maryland Lottery and Gaming Control Agency reported Thursday that last month's revenue beat the previous high of about $99 million in July of 2015.

Of last month's revenue, about $36 million goes to the state's Education Trust Fund. About $5 million goes to support the state's horse racing industry, and about $3.5 million goes to local impact grants. Another $950,00 goes to support small- and minority-owned businesses

Dover Downs Casino

Dover Downs is losing money despite bringing in a bit more revenue for the first quarter of the year than in 2015.

Dover Downs Hotel and Casino said it experienced a loss of 239-thousand.

That’s better than the $352-thousand loss a year ago.

The Wilmington News Journal reports that the company said it does not expect there to be any immediate layoffs.

But it reports that the CEO Denis McGlynn said that future layoff could be in offing if the state legislature does not act to help out.

Don Rush

Pickets showed up at Ocean Downs last night as employees demanded higher pay.

Unite Here Local 7 noted that ever since the casino opened five years ago revenues have been going up.

The union pointed out that since last February the casino saw a 17 percent increase.

Joe Cavilla, general manager at Ocean Downs, told WBOC in a statement the casino has competitive salaries and raises.

He notes that the casino has 85 employees year round even though revenues drop by 42 percent during the off season.

Dover Downs Casino Website

Dover Downs raked in a profit last year earning
$763-thousand in the last three months of 2015.

Much of it was due to the late NASCAR race and cutting costs by 3 percent or $5.3 million.

The Wilmington News Journal reports that at the end of 2014 the company registered a loss of $516-thousand.

Total revenue for the fourth quarter was $46.1 million – an increase of 8.7 percent.

2015 was also the first year that the casino made an annual profit since 2013.

casino website

BALTIMORE (AP) - A federal lawsuit filed against Horseshoe Casino in Baltimore claims contracts for the construction of the casino were not sufficiently awarded to minority businesses, even though the project received federal housing funds earmarked for that purpose.

Rocky Gap Casino Website

HAGERSTOWN, Md. (AP) - The new owner of the Rocky Gap Casino Resort in western Maryland is in no hurry to make changes.

Golden Entertainment Inc. Chairman Blake Sartini said Monday his company plans a patient approach to running the hotel, golf course and gambling facilities.

Sartini says he's pleased with Rocky Gap's management team. He says his Las Vegas-based company will study the market before considering improvements in the resort's offerings, possibly starting with food and beverage services.

Dover Downs Website

Dover Downs is set for another round of cuts.

Lawmakers in Dover this session turned aside a request by the company for more financial help.

The Wilmington News Journal reports that Dover Downs CEO Ed Sutor told reporters after a meeting of the Video Lottery Advisory Council that there would be adjustments.

But he declined to be more specific.

In May the casino said that it was eliminating table games along with around a dozen positions.

The casino had urged Delaware lawmakers to approve either new tax cuts or credit to prevent the layoffs.

casino website

Shareholders in the parent company of the Rocky Gap Casino Resort near Cumberland, Maryland, have approved a proposed merger with Las Vegas-based Sartini Gaming Inc.

Lakes Entertainment Inc. of Minnetonka, Minnesota, announced the results Tuesday of a special shareholders meeting held June 17.

The $128 million deal still requires approval by regulators in Nevada and Montana, where Sartini's Big Sky Gaming subsidiary operates. Maryland regulators approved the merger last week.

Dover Downs Website

DOVER, Del. (AP) - Dover Downs Gaming and Entertainment narrowed its first-quarter loss compared to last year but says further cost-cutting is needed.

The company on Thursday reported a net loss of $352,000, compared to a $1 million loss for the first three months of 2014. Revenues dropped from about $45.5 million to slightly more than $44.3 million.

The company said it will stop offering unprofitable table games at its Dover Downs casino between 2 a.m. and 8 a.m. Monday through Thursday, starting May 18, resulting in the elimination of 24 positions.

creative commons

OXON HILL, Md. (AP) - Maryland Gov. Larry Hogan is helping to celebrate a milestone with the MGM National Harbor resort and casino.

On Wednesday, the governor is offering remarks during the MGM Resorts International's 1,000th member construction workforce celebration.

The $925 million project was projected last year to bring about 2,000 construction jobs and 4,000 permanent jobs.

The plans for the site include a casino that can hold 3,600 slot machines and 140 table games. Officials said it could open as early as 2016.

Don Rush

BALTIMORE (AP) - Maryland's five casinos generated a total of $82.8 million in revenue last month.
 
The Maryland Lottery and Gaming Control Agency released the February revenue numbers on Thursday.
 
Total casino revenue from February increased from the same month last year by $16.8 million, or about 25 percent.
 
However, when the Horseshoe Casino Baltimore is excluded, revenue dropped by about $6.2 million, or 9 percent at the other four casinos. The Baltimore casino opened in August.
 

creative commons

A Delaware state has recommended providing a $46 million bailout for the First State’s gambling industry.

The plan to stabilize the Delaware’s three casinos came as a shock to some on the state’s Lottery, Gaming and Study Commission.

Where the money would come from as the budget battles heat up in Dover is still not clear.

House Majority Leader Valerie Longhurst who is also a member of the panel…called the proposal “an annual tradition that is not sustainable.”

creative commons

DOVER, Del. (AP) - A state panel charged with helping find a path forward for Delaware's gambling industry is meeting again after missing last week's deadline to submit recommendations.

Members of the panel, which recommended a $10 million casino bailout approved by lawmakers last year, were to meet Thursday to get updates on the state's most recent revenue forecast and on Delaware's horse racing industry, which gets a cut of gambling revenue.

The panel also was scheduled to discuss recommendations regarding further relief for Delaware's three casinos.

creative commons

BALTIMORE (AP) - Maryland's casinos generated $85.6 million in December, down from last month's revenues.
 
State revenue totals released Monday show that excluding Horseshoe Casino Baltimore - which opened in August -  revenues at the state's other four casinos were down by 3.6 percent in December, compared to the same month in 2013.
 
Factoring in the opening of Horseshoe Casino Baltimore, revenues increased by $20.6 million from December 2013 to last month. That's a 31.7 percent increase.
 

creative commons

Dover Downs is looking at some tough times.

Regional casino competition has doubled over the last few years while the bank demanded the casino’s mortgage as collateral when the gambling outfit recently refinanced $42 million of debt.

Meanwhile, its stock price has dropped to 72 cents after hovering around 30 dollars a share.

And it has the largest tax burden in the region at 43.5 percent.

After spending $283 million to building the casino and expand the casino over the last 18 years the owners say they are now fighting for their financial lives.

creative commons

The revenue figures are in for Maryland’s casinos.

They brought in $86.8 million for October.

The Maryland Lottery and Gaming Control Agency said the Maryland Live! earned just over $50-million while the Horsehshoe Casino Baltimore generated $22.4 million.

Hollywood Casino Perryville saw just over $6 million while Ocean Downs picked up $4 million.

And Rocky Gap Casino Resort came in with $3.7 million.

In a year-to-year comparison casino revenue declined by $2 million excluding Horsehoe Casino Baltimore which opened in August of this year.

creative commons

DOVER, Del. (AP) - An industry group representing Delaware's three casinos is asking state lawmakers to revise revenue sharing models so that the casinos can remain profitable amid increasingly intense competition from casinos in other states.

The top priority for the Video Lottery Advisory Council is returning to a tiered rate structure for slots revenue, with the state's share fluctuating based on the amount of revenue taken in.

Jeff Kubina / Creative Commons

ANNAPOLIS, Md. (AP) - The Maryland Board of Public Works has approved a contract renewal for the state to spend up to $200 million to lease and maintain slot machines over five years.

The board voted 2-1 Wednesday, with Gov. Martin O'Malley and Treasurer Nancy Kopp voting in favor of the renewal. Comptroller Peter Franchot voted against it.

Maryland law initially required the state to own slot machines at the state's five casinos. However, the law was changed in 2012.

Next March, three of the state's casinos will acquire their own slot machines.

Maryland Live! Casino website

HANOVER, Md. (AP) - Attorneys are pursuing a class-action lawsuit against Maryland Live! Casino in Hanover, accusing its operators of using a dealer school as a prop for job training to avoid paying the minimum wage.

The lawsuit was filed Tuesday in federal court by three people who underwent months of training to become dealers at the casino last year. Attorneys say hundreds more qualify as plaintiffs in the lawsuit and can join the litigation.

Don Rush

BALTIMORE (AP) - Maryland officials say the state's five casinos brought in more than $82.4 million in revenue last month.

The Maryland Lottery and Gaming Control Agency announced the revenue numbers Monday. Maryland Live Casino in Anne Arundel County led the group with more than $45.5 million from slot machines and table games. That's an approximately 10 percent decrease from September 2013.

Horseshoe Casino Baltimore, which opened to the public in August, brought in $22 million.

Don Rush

ANNAPOLIS, Md. (AP) - The agency that oversees Maryland's casinos is considering eliminating a program that allows gambling addicts to sign up for a lifetime ban from casinos.

The Maryland Lottery and Gaming Control Agency says it's planning to examine how the program is working and study changes. No timetable has been set.

Don Rush

DOVER, Del. (AP) - A state panel that recommended a $10 million financial bailout for Delaware's three casinos earlier this year has reconvened to figure out what, if anything, to do next to help the state's struggling gambling industry.

The gambling study commission, which met Thursday, is charged with studying challenges facing Delaware's gambling industry and recommending ways to help the state remain competitive in a region that is becomingly increasingly saturated with casinos.

Don Rush

DOVER, Del. (AP) - With lawmakers already having approved a $10 million financial bailout for Delaware's three casinos earlier this year, a state panel is reconvening to figure out what to do next regarding the struggling gambling industry.

The state gambling study commission, which recommended the bailout, is scheduled to meet Thursday to resume its work. The panel is charged with studying the competitive marketplace facing Delaware's gambling industry and recommending ways to address it.

casino website

BALTIMORE (AP) - The opening of Baltimore's first casino highlights a nationwide trend of casinos moving from traditional gambling destinations to other cities.

The Horseshoe Casino in downtown Baltimore opened its doors Tuesday night. A spokesman for an agency representing the casino said it hosted more than 15,000 guests in its first 12 hours.

Gambling experts say rust-belt towns like Philadelphia, Cleveland and now Baltimore have become desirable casino locations, especially as gambling destinations like Atlantic City continue to plunge into economic decline.

Horseshoe Casino Baltimore website

BALTIMORE (AP) - The Horseshoe Casino Baltimore is scheduled to open, marking a new milestone in Maryland's development of casino gambling.

The casino set to open Tuesday is the fifth and last of the five casinos initially planned when lawmakers approved slot machine gambling in a 2007 special session, a plan later approved by voters in a statewide vote in 2008.

The Baltimore casino will be home to 2,500 slot machines and 122 table games like blackjack.

Don Rush

DOVER, Del. (AP) - Delaware officials say competition from casinos in neighboring states continues to squeeze revenues at Delaware's three casinos.

The Delaware State News reports that the Video Lottery Advisory Council met for the second time this year to discuss the state of the gambling industry.

mgm resorts website

UPPER MARLBORO, Md. (AP) - Prince George's County officials are scheduled to vote on the building plan for a $925 million casino near the nation's capital.

The county's district council is meeting in Upper Marlboro to consider the site plan from MGM, which wants to build the casino and resort at National Harbor.

The vote by the nine-member panel is considered the last main hurdle to clear before construction can begin.

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