
Regional gaming continues to be a gravy train. Maryland casinos grossed $168.5 million in August, up 9% from 2019. Just think how much better the take would have been had the month not been two weekend days shorter than August 2020. MGM National Harbor led the pack with $67.5 million, up 8%, while Maryland Live‘s 35% market share translated into $59.5 million in revenue, a 12% gain. Horseshoe Baltimore actually managed to lose ground, down 1.5% to $18 million. Ocean Downs neared $10 million, up 12%, while Hollywood Perryville grossed $8 million in a 21.5% leap. Rocky Gap Resort brought in $6 million for a 10% uptick.
Yesterday, Deutsche Bank analyst Carlo Santarelli predicted a 19% upsurge in Ohio when August receipts were tallied. He overshot his mark … just barely. The Buckeye State rose 18% to gross $194 million. Wrote JP Morgan analyst Joseph Greff, “We note that results for the full month indicate that rising delta variant infection rates have not yet negatively impacted visitation/revenue, consistent with recent commentary from operators.” Slots-only MGM Northfield Park led the state with $23 million, up 12% and edging Hollywood Columbus‘ $21 million (+10.5%). Hollywood Toledo made $19.5 million, up 13%, but Scioto Downs came on fast, +22%, to win $20 million. Even the smaller fry were prospering. Hollywood Dayton grossed $12.5 million, a 25% leap, Hollywood Mahoning Valley captured $13.5 million, hopping 21%, and Belterra Park gained 9% to $8 million.
Continue reading Maryland, Ohio prosper; Sands scraping bottom in Macao



