Sunday, April 7, 2013
The Perryville casino surpassed others in Maryland in month-to-month slots revenue increases for March 2013.
Slots revenue at Hollywood Casino increased after live table games were added to its offerings in March. The Maryland Lottery reported that the Perryville casino's slots revenue was up by 34 percent from February to March, after it introduced live table games like roulette and craps on March 6. Overall, slots revenue in Maryland rose by 18 percent between March and February. Here's a look at the slots revenue for each casino in February and March: Casino revenue was distributed to a variety of places, including horse racing purse accounts, local impact grants and small and minority businesses. The breakdown of distribution for slots revenue was as follows: $18.67 million to casinos; $27.86 million to the Education Trust Fund; $3.96 …
Wednesday, February 27, 2013
Hollywood Casino prepares for expanded gambling.
Blackjack, poker and other table games are on deck for Hollywood Casino Perryville, which rolls out live gambling on March 7, pending legislative approval. Before that date, the Maryland Lottery will pay the Cecil County casino a visit for a demonstration to ensure everything is in order. That is scheduled for Tuesday, March 5. In the meantime, Hollywood Casino is readying eight poker tables in its new poker room and 12 additional tables in its "main pit" for blackjack, roulette, craps and three- and four-card poker. In all, there will be 20 tables on property, said Jennifer Miglionico, the casino's director of marketing. To create room for its new additions, Hollywood Casino Perryville will reduce the number of slot machines from 1,500 to…
Tuesday, February 5, 2013
Despite the first full month of 24-hour gambling, revenues declined slightly at the state's casinos.
Casino revenue across Maryland dropped by about $900,000, as the state’s three casinos brought in $44.3 million combined. Hollywood Casino in Perryville pulled in $5,455,111 in January, down from $5,956,140 in December. Revenue at Maryland Live! was essentially flat between December and January; the casino pulled in $35,943,756.19, a decline of just under $100,000 from December. The Casino at Oceans Downs collected $2,928,919.55, down from $3,335,925.98 in December. In sum, Maryland casino revenue generated $14.6 million for operators; the rest goes to the state’s Education Trust Fund, local impact grants, and the horse racing industry. The breakdown for January was as follows: Maryland Live! began operating round-the-clock at the end of …
Wednesday, December 26, 2012
Twenty-four hour gaming in Maryland will create employment opportunities, but competition will likely affect the labor market geographically, according to experts.
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Wednesday, December 26, 2012
By Kelsi Loos, CAPITAL NEWS SERVICE Maryland voters approved a referendum last November that experts say could bolster the economy. The voters allowed for table games, 24-hour gambling and a new Prince George's County casino. “Tables create jobs; they create a whole heck of a lot more jobs than slot machines,” said Frank Fantini of Fantini Research, a gaming industry e-daily. Each 24-hour table will employ about five dealers and additional staff such as supervisors and money handlers, Fantini said. Hollywood Casino in Perryville is implementing 15 to 20 table games and plans to offer around-the-clock gambling on weekends. It expects to add up to 100 employees. Gov. Martin O’Malley released a statement estimating that an additional 2,300 …
Friday, July 27, 2012
O'Malley says session, which begins on August 9, will be about job creation and funding for schools.
UPDATED (2:57 p.m.)—Gov. Martin O'Malley Friday announced he will call the General Assembly back to Annapolis for a special session on the issues of gambling and the creation of a sixth casino. "This is an issue about jobs," O'Malley said. "This is an issue about maximizing revenues from gaming." A bill was not available at the time of the morning news conference. O'Malley said it needed tweaking and would likely be made public shortly before the beginning of the special session. O'Malley, House Speaker Michael Busch and Senate President Thomas V. Mike Miller all said the bill would create about 2,500 jobs from the legalization of table games and generate $100 million for schools. Sen. E.J. Pipkin Friday afternoon blasted O'Malley for …
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