{"id":23666,"date":"2019-03-07T11:36:04","date_gmt":"2019-03-07T19:36:04","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=23666"},"modified":"2019-03-07T11:36:04","modified_gmt":"2019-03-07T19:36:04","slug":"illinois-sunken-treasure-maryland-finally-maxes-out","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/illinois-sunken-treasure-maryland-finally-maxes-out\/","title":{"rendered":"Illinois: Sunken treasure; Maryland finally maxes out"},"content":{"rendered":"

Like February 2018, last month was bad for Illinois<\/strong> casinos, sliding another 6.5% into the maw of slot routes. One outlier should be noted: Harrah’s Metropolis<\/strong> was and remains closed due to flooding, causing a \"\"32% precipice in revenue, grossing $4 million. The only comparably bad performance hailed from Casino Queen<\/strong>, off 13% to $7 million. Alton Belle<\/strong> dipped 3% to $3.5 million while Jumer’s<\/strong> Casino Rock Island<\/strong>\u00a0was off 5% to $5 million. At Par-A-Dice<\/strong>, long besieged by slot routes, revenues were only 3% down, to almost $6 million. The best performers in the northern tier were Hollywood Aurora<\/strong>, flat at $9 million, and Harrah’s Joliet<\/strong>, almost flat at $13.5 million, one of the handsomest grosses of the month.<\/p>\n

Raking the most bucks in the state, of course, was Rivers Casino<\/strong>, its $30 million representing a 7.5% declivity. Eldorado Resorts<\/strong> got a taste of adversity at Grand Victoria<\/strong>, down 6% to $11.5 million, while Empress Joliet<\/strong> slipped but 2% to $8.5 million.<\/p>\n

*\u00a0Market saturation may have finally reached Maryland<\/strong>, where casino revenue was flat year\/year. Of the total $137 million gross, $54 million\u00a0went to MGM National Harbor<\/strong>, up 1.5%, which is tracking far\u00a0ahead of JP Morgan<\/strong> analyst Joseph Greff<\/strong>‘s 1Q19 projections. Due to some HTML glitch, the complete report is not accessible but MGM \"\"has market share of 39.5%. Unfortunately for its bottom line, revenue tilted sharply toward high-tax slots ($31 million) while tables brought in just $23 million. Maryland Live<\/strong> was down 2% and Horseshoe Baltimore<\/strong> 3.5% (fewer gamblers since the Baltimore Ravens<\/strong> stopped playing, I guess). Hard-luck case Hollywood Perryville<\/strong> was actually 2.5%. Maryland Live’s market share was 37% and Horseshoe’s was 15%.<\/p>\n

In an imperfect comparison (using only three weeks of data), West Virginia<\/strong> was up 3%, driven by a 7% increase in slot win. Table games suffered, with the house losing to the tune of\u00a015%. Penn National Gaming<\/strong>‘s Charles Town Races<\/strong> casino had a pretty bad month, only 1% higher at the slots and getting cleaned out at the tables, plunging 20%. We’d been hoping to get the Detroit<\/strong> numbers this week but will probably have to wait a little longer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Like February 2018, last month was bad for Illinois casinos, sliding another 6.5% into the maw of slot routes. One outlier should be noted: Harrah’s Metropolis was and remains closed due to flooding, causing a 32% precipice in revenue, grossing … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":18400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,244,70,199,58,72,245,69,242,92,38,139],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23666"}],"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=23666"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23666\/revisions"}],"predecessor-version":[{"id":23667,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23666\/revisions\/23667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/18400"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=23666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=23666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=23666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}