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Maryland casinos just had the 4th-best month on record

Maryland’s six casinos had a total of $171 million in gaming revenue in April, up 5.3% from a year earlier and surpassing March to become the fourth-best month on record for casino gaming revenue.

Of that total, contributions to various state programs totaled $71.8 million. The largest share of that goes to the state’s Education Trust Fund, collecting $52.2 million in April gaming revenue.

In April 2021, MGM National Harbor and Baltimore’s Horseshoe casino were still operating at 50% capacity because of the pandemic. The remaining four casinos had lifted all capacity limitations by last April, though some slot machine and table game seats were blocked off for social distancing guidelines at the time.

MGM National Harbor generated the most gaming revenue and saw the biggest year-over-year increase. In April, National Harbor tallied $71 million in gaming revenue, up 13.1% from a year ago.

Live! Casino & Hotel at Arundel Mills had $58.1 million in gaming revenue, up just 1% from last April.

Gaming revenue at Horseshoe casino was down 3.8% at $19 million.

Among the state’s three smaller casinos, gambling revenue was modestly higher at Rocky Gap Casino, and lower at Hollywood Casino and Ocean Towns.

Maryland Lottery and Gaming posts monthly and year-to-date casino gaming revenue and state contributions online.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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