December’s Capacity-constrained Condition Survived by Maryland Casinos

Two of the largest casino operators have already seen their limited room further reduced in the mid of December because of the state’s devastating infection rate of Covid-19. Figures published Tuesday by the Lottery and Gaming Agency of Maryland shows statewide revenue of gaming coming down 20% to $119.4 million in total.

Two of the largest casinos of the state Cordish Gaming Live and MGM National Harbor saw their priorly existing pandemic-restrained capability of 50% came down to just 25% in the previous month. The state’s third-biggest casino, Horseshoe Baltimore of Caesars Entertainment, had been limited to only 25% capacity in early December.

Statewide Downfall

In spite of all these limitations, National Harbor purported about a gaming revenue of around $48.5 million in December which about 22.5% down to the past year’s December while Live. The perpetually problematic Horseshoe, on the contrary, had been down to nearly 33% year-on-year to only $12.7 million.

Some casino operators who get less exposure like Hollywood Casino Perryville glided just *.4% to around $6.6 million, Ocean Down came 10% down to $5.1 million when Rocky Gap received a pile of coal in its revenue hoarding, plummeting 16.3% to $3.5 million.

December’s downfall also hit the state. It observed its share of betting revenue reduction by around $10.8 million to only $49.8 million. The state now is planning to revaluate its capacity limits before mid-January. However, it counted 54 COVID deaths last Thursday, which is the highest total of this child new year. So, it will not be wise to rely on any type of rush to loosen the prohibition.

The Maryland law will initiate its 2021 session in the upcoming week and different casino operators are expecting a quick change in sports betting regulation and legislation following previous November’s ballot count, which observed voters of Maryland voters grant gambling expansion by a massive margin.

Vincenzo Davari, a writer on Sweden's best online casino, is a reporter by profession, but a learner by nature who provides informative news regarding casinos and gambling. When he gets free time, he loves to travel and explore the unknown. His diligent work helped him to get the Journalist’s Award twice.

Posted in US