Tuesday, February 5, 2013
Maryland Live! saw revenue decline slightly despite the first full month of 24-hour gambling.
Revenue at the Maryland Live! casino was essentially flat between December and January, despite the first full month of 24-hour operations. The casino pulled in $35,943,756.19 in January, a decline of just under $100,000 from December. Casino revenue across the state dropped by about $900,000, as the state’s three casinos brought in $44.3 million combined. Maryland Live! is by far the largest casino, with 4,750 machines. The Hollywood Casino in Perryville pulled in $5,455,111 in January, down from $5,956,140 in December. The Casino at Oceans Downs collected $2,928,919.55, down from $3,335,925.98 Casino revenue generated $14.6 million for operators with the rest going to the state’s Education Trust Fund, local impact grants, and the horse…
Tuesday, January 8, 2013
All casinos in the state saw increases in revenue in the final month of the year, though revenue from Hollywood Casino and Ocean Downs was lower than in 2011. Maryland Live! pulled in $229 million in 2012.
The Maryland Live! casino pulled in $229 million in revenue in 2012, comprising more than 60 percent of all gambling revenue statewide, despite opening in June. The Maryland Lottery reported that the casino at Arundel Mills finished the year with $35 million in revenue in December, up from $34 million the month before. Across the state, Maryland's three casinos pulled in $45.2 million in the last month of 2012, up nearly 5 percent from November. However, December revenue from Ocean Downs and Hollywood Casino was $3.19 million, 25 percent less than in 2011, when Maryland Live! was not yet open. Maryland Live! is the largest of the three casinos, with 4,750 game terminals. Its per-terminal revenue of $244 in December was nearly double …
Tuesday, December 4, 2012
Almost 90 percent of Marylanders have gambled in their lifetime with 22 percent gambling monthly, CNS Maryland's Kelsey Pospisil reports.
TELL US: Do you think gambling addiction will grow in the state of Maryland if a new casino opens in Prince George's County? Join the discussion in our comments.
Monday, November 5, 2012
Prince George's County Executive Rushern L. Baker III and Maryland Comptroller Peter Franchot face off on Question 7 before voters decide the gambling question Tuesday.
Maryland's Question 7 is one of the most controversial ballot initiatives facing voters when they head to the polls Tuesday, and it hits close to home in the Washington, DC, area. A top proponent and a leading opponent of Maryland's gambling provision argue their positions in Patch's Local Voices section. Prince George's County Executive Rushern L. Baker III is in favor of gambling expansion, while Maryland Comptroller Peter Franchot is in opposition. "Arguments for the facility echo the ones I have made: that it will create jobs, generate revenue, and establish a destination with world class amenities that serves both residents and tourists," Baker wrote. "The “staggering hypocrisy” of casino owners funding an anti-casino referendum was …
A look at what's at stake—and how the battle is being waged.
Note: This article was originally published on Oct. 25 but is being featured again ahead of Tuesday's election. WHAT IT'S ABOUT Question 7 asks voters whether they favor a plan to expand gambling in Maryland that would: The ballot question is a result of legislation passed by the Maryland General Assembly during its 2012 special session (view the House and Senate roll calls) and signed by Gov. Martin O'Malley. Several other portions of the law are not subject to a referendum. Slot machines have been permitted in the state since voters approved a gaming referendum (59 percent to 41 percent) in November 2008. Passage of Question 7 would mark a significant shift, however, bringing Maryland's casinos closer in line with those of Atlantic City …
Monday, October 15, 2012
Companies for and against Question 7 have poured millions of dollars into campaign contributions to support, among other things, widespread advertising, CNS reports.
Dana Amihere and Greg Kohn also contributed to this graphic.
Tuesday, July 31, 2012
Comptroller Peter Franchot argues the state needs to find a way to build businesses not casinos.
Tuesday, July 31, 2012
By Comptroller Peter Franchot For anyone who remains unconvinced that the Maryland economy has lost momentum and is now moving in the wrong direction, the latest unemployment figures released by the U.S. Labor Department should remove all doubt. The State of Maryland lost 11,000 jobs in June – the third highest total in the nation, trailing only Wisconsin and Tennessee. This was our fourth consecutive month of job losses, and it elevated our state’s unemployment rate to 6.9 percent. Disappointing as those numbers are, they don’t tell the full story. Maryland also ranked 48th in Fiscal Year 2012 in both average private hourly and weekly earnings growth, and has actually experienced year-over-year declines in both categories. This means …
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 …