{"id":19710,"date":"2017-05-09T07:14:30","date_gmt":"2017-05-09T15:14:30","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=19710"},"modified":"2020-12-31T06:49:36","modified_gmt":"2020-12-31T14:49:36","slug":"big-month-in-maryland-kentucky-derby-sets-record","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/big-month-in-maryland-kentucky-derby-sets-record\/","title":{"rendered":"Big month in Maryland; Kentucky Derby sets record"},"content":{"rendered":"

MGM National Harbor<\/strong> took the top spot in Maryland<\/strong> last month, grossing $50 million<\/a> to Maryland Live<\/strong>‘s $45 million. “We view this as positive\/encouraging for MGM, as it shows the property\u2019s momentum has sustained into April,” wrote JP Morgan<\/strong> analyst Joseph Greff<\/strong>. \"\"The two casinos took in $279\/slot\/day and $246 respectively, healthy numbers indeed, although Maryland Live revenues fell 21.5%. Horseshoe Baltimore<\/strong> also took a hard hit, down 19% to $24.5 million. By contrast, Rocky Gap Casino<\/strong> continued on the comeback trail for Golden Entertainment<\/strong>, up 10% ($4.5 million), while Ocean Downs<\/strong> was up 3% to $5 million. Hollywood Casino Perryville<\/strong>, the little casino that couldn’t, fell 8% to $6.5 million. So far, Penn National Gaming<\/strong>‘s Charles Town<\/strong> casino in West Virginia<\/strong> has lost 7% of slot play and 17% of table play, as National Harbor chips into its market share.<\/p>\n

* It was a month of swings and roundabouts in Illinois<\/strong>. The big number, a 2.5% decline in casino revenue would seem to suggest that slot routes continue to erode casino routes. But it’s not simple. \"\"Penn\/GLPI properties had the worst of it, with Hollywood Aurora<\/strong> down 10.5% and Empress Joliet<\/strong> slipping 8%, both grossing $10 million. However, Harrah’s Joliet<\/strong> was up 5%, to $16.5 million, while monster Rivers Casino<\/strong> up 2% to $37 million. MGM Resorts International<\/strong> was down 2% to $15 million.<\/p>\n

In the St. Louis<\/strong> market, Argosy Belle<\/strong> was 2% off the pace and GLPI’s Casino Queen<\/strong> slipped 2.%, grossing $4 million and $9.5 million, respectively. Boyd Gaming<\/strong>‘s Par-A-Dice<\/strong> had another hard month, down 10% for a $7 million gross. Caesars Entertainment<\/strong>‘s Harrah’s Metropolis<\/strong> was off 7% to $7 million and Jumer’s Casino<\/strong> Rock Island slid 16% to $6 million.<\/p>\n

* Churchill Downs<\/strong> had a banner Kentucky Derby<\/strong> at its eponymous racetrack, with a record handle of $139 million wagered on the race. The company might have tabled the $16 million it spent (with more to come) on renovating the track: Attendance was 5% down this year.<\/p>\n

* MGM is dipping a toe in the skill-based slots waters, installing two Gamblit<\/strong> games in the Level Up<\/strong> lounge. Caesars is also moving cautiously<\/a>, adding a pair of SBS machines to Harrah’s Lake Tahoe<\/strong>. If they catch on, prepare to see a surge of installations but for now casinos are hanging back, waiting to see if the SBS games resonate with customers, Millennials especially.<\/p>\n

* It’s official: Galaxy Entertainment<\/strong> is throwing its green eyeshade into the ring for a Japanese casino. Spurning a Japanese joint-venture partner, Galaxy is teaming with\u00a0Societ\u00e9 des Bains de Mer<\/strong>. Unlike other operators, Galaxy didn’t hang a price tag on its entry.<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM National Harbor took the top spot in Maryland last month, grossing $50 million to Maryland Live‘s $45 million. “We view this as positive\/encouraging for MGM, as it shows the property\u2019s momentum has sustained into April,” wrote JP Morgan analyst … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,176,70,201,190,97,7,67,58,171,72,11,91,69,8,9,38,139],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19710"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=19710"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19710\/revisions"}],"predecessor-version":[{"id":29026,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/19710\/revisions\/29026"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=19710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=19710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=19710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}