Horseshoe Casino Baltimore takes it on the chin in November

Maryland’s six casinos failed to maintain their record-smashing pace in the month of November, as one of the state’s former revenue leaders suffered a double-digit decline.

Figures released Thursday by the Maryland Lottery & Gaming Agency show the state’s six gaming venues generated combined gaming revenue of just over $140m in November, a 7.3% rise over the same month last year but well behind October 2018’s all-time high of nearly $158m.

November’s gains were almost entirely due to the casinos’ slot machines, which reported revenue up $8.7m to $88.8m. The casinos’ gaming tables were essentially in a holding pattern in November, up only $800k to $51.2m.

To absolutely no one’s surprise, MGM Resorts’ National Harbor casino led the way with revenue of nearly $57.3m, up 13.2% year-on-year but well back of October’s record $73.4m. National Harbor celebrates its second birthday this month and has led the monthly revenue charts ever since its launch, with the lone exception of February 2017, during which former market-leader Live! Casino & Hotel briefly dethroned the new king.