Gaming revenues dipped last month in Indiana, achieving $204 million, a 3.5% year/year decline. Hard Rock Northern Indiana ($34 million, +4%) continues to ransack its competitors. Horseshoe Hammond was closest, grossing $26 million but down 13.5%, while Ameristar East Chicago tumbled 13.5% to $16.5 million and Blue Chip (above) slipped 10.5% to $10.5 million. Caesars Entertainment‘s two Hoosier State racinos headed in opposite directions. Horseshoe Indianapolis was up 2% to $28.5 million, while Harrah’s Hoosier Downs was down 6.5% to a still-healthy $20 million. Defying the downward trend was Bally’s Evansville, jumping 9.5% to $15.5 million, while Belterra Resort was flat at $8 million and French Lick Resort was also level at $7 million. Caesars Southern Indiana was also steady at $21 million, while Hollywood Lawrenceburg slid 11% to $13.5 million. Rising Sun didn’t rise: -8% to $4 million.

Station Casinos is $62 million richer after unloading $56.5 acres of land near South Point to HCA Healthcare, a hospital chain. Don’t worry about Station’s plans to challenge Michael Gaughan for sub-Strip supremacy: It’s still harboring 126 acres of scrubland near the locals-casino behemoth (South Point, not Gaughan). Despite the flurry of Cactus Lane dealmaking, we still expect Station’s next thrust to be deeper into Henderson, with its much-bruited Inspirada resort.

Whilst 2022 may have come in like a lion for casinos, it’s going out like a lamb, despite an extra weekend day last month. Revenues in Maryland dipped 4.5% to $165 million statewide in December, still 11% better than the comparable period in 2019 (i.e., Just Before the Shyte Hit the Fan). Two casinos gained traction: Hollywood Perryville was up 1.5% to $7 million and Ocean Downs galloped 7% to $7 million. Everyone else was revenue-negative, even MGM National Harbor, down 7% to $69.5 million. Maryland Live ceded 4.5% but stayed close at $60 million. Horseshoe Baltimore was 1.5% down for its usual $17 million, seemingly the hard ceiling for this snakebitten property. Rocky Gap Resort slipped 4% to $5 million.