Maryland casinos raked in $89 million in April; Horseshoe revenue declined amid curfew
Via Baltimore Business Journal
Maryland’s five casinos generated $88.9 million last month.
Including the Horseshoe Casino Baltimore, which opened in August, the state’s casino industry grew 24.5 percent, or by $17.5 million. But at the state’s four other casinos, year-over-year revenue for April fell by $5.42 million, or 7.6 percent. Year-over-year revenue at existing casinos has declined every months since September.
The Horseshoe Casino Baltimore, which was forced to close early the last four days of April as part of a citywide curfew, generated $22.9 million in April, down from $24.7 million in March. Noah Hirsch, the casino’s vice president of marketing, said the curfew negatively impacted the casino’s revenue, but he has declined to disclose how much of a hit the South Baltimore gaming venue took because of the city’s unrest.
“April was an unprecedented month for Horseshoe Casino Baltimore, as it was for many businesses located in the city. While the casino was on pace for its best month to date, the need to close for several consecutive nights during peak hours had a significant impact on our monthly revenues,” Horseshoe General Manager Chad Barnhill said in a statement. “We are pleased to have resumed normal operations and look forward to extending the positive revenue trend we were seeing prior to the incidents that necessitated the citywide curfew.”