Based on recent stats, the Maryland Live! Casino has done extremely well in bringing in over $44,613,545 in slots revenue during the month of March.
These numbers indicate that the Maryland Live! Casino has done better than all of the other casinos located within the mid-Atlantic gaming market.
These are impressive numbers for the Maryland Live! Casino as it has now surpassed the revenue that popular casinos in Pennsylvania Delaware and New Jersey have generated.
The Maryland Live! Casino has been in operation for only 10 months but has done extremely well. The revenue generated was twenty five percent higher than its nearest rival which is the Parx in Philadelphia. The month of March was excellent for the casino and proved to generate the highest revenue in its 10 months of operation.
The Maryland Live! Casino is operated by the Cordish Companies. Since the casino has done extremely well, the Cordish Companies have plans to replicate the same operational model in other parts of the country. The company is doing its best to obtain Philadelphia’s last available gaming license, so that it can go ahead with its plans and construct a $425 million Live! Hotel & Casino in Philadelphia. The company also has its eye on other upcoming markets including Massachusetts.
In a statement, The Cordish Companies Managing Partner Joe Weinberg, was extremely happy with the success of the Maryland Live! Casino’s success. Weinberg said
We’re very proud of the world-class gaming, dining, and entertainment destination that we have created at Maryland Live! Casino. The Cordish Companies has a long history of developing some of the most profitable, best-in-class casino resorts and entertainment districts in the country. Our intent is to leverage the level of success we are enjoying at Maryland Live! to create true destination resorts in other gaming jurisdictions.
The Maryland Live! Casino’s has a number of plans to increase its customer base and offer them a even wider variety of games. A few days back, the casino announced that it would be adding a number of table games to its existing portfolio, thereby increasing the probability of customers spending even more of their money.
The revenue generated by the Maryland Live! Casino is also beneficial to the state of Maryland. Since June 2012, the casino has provided $236 million in taxes to the state based on the revenue that it has generated. If those numbers are to be further analysed, it works out to nearly $1 million in taxes on a daily basis, which is extremely high revenue for the state.