Perryville parlor sees summer doldrums
Gaming revenues dipped for second straight month due to lackluster returns at the state's largest casino in Perryville, The Sun reported today.
Revenues were up slightly at the Ocean Downs casino -- summer is supposed to be their best season -- but the bump on the shore wasn't enough to buoy overall revenues, according to a story by colleague Hanah Cho. The combined VLT program brought in $13.3 million in May. In June the total dropped to $12.6 million.
Maryland voters approved five casinos in 2008, but only two are operational. Late last month officials issued an RFP for Rocky Gap -- the third attempt to find a developer willing to turn the failing resort into a casino. The state is also awaiting a second round of bidding on a proposed project in Baltimore City.
A fifth casino is under construction at the Arundel Mills shopping mall.
Revenues were up slightly at the Ocean Downs casino -- summer is supposed to be their best season -- but the bump on the shore wasn't enough to buoy overall revenues, according to a story by colleague Hanah Cho. The combined VLT program brought in $13.3 million in May. In June the total dropped to $12.6 million.
Maryland voters approved five casinos in 2008, but only two are operational. Late last month officials issued an RFP for Rocky Gap -- the third attempt to find a developer willing to turn the failing resort into a casino. The state is also awaiting a second round of bidding on a proposed project in Baltimore City.
A fifth casino is under construction at the Arundel Mills shopping mall.
Comments
Is that all this is going to generate? We were told $660 million for schools. At this rate they are looking at around $75 million, and they still haven't paid off the debt they took on to buy the machines! So they are running at about, what? Ten or fifteen percent of estimates? How is it that this isn't a bigger story? Somebody didn't tell the truth back when it mattered.
Posted by: Besserwisser | July 6, 2011 3:45 PM