MGM’s Maryland casino National Harbor sets new revenue record

MGM Resorts’ National Harbor casino set a new gaming revenue record in August just as MGM was selling the ground underneath it.

Figures released Wednesday by the Maryland Lottery and Gaming Control Agency show the state’s six casino operators reporting combined gaming revenue of just under $137.5m, up 37.1% from the same month last year but down $1.25m from July 2017.

Subtracting contributions from National Harbor, which didn’t open until last December, the state’s five other casinos saw their combined revenue fall 15.7% year-on-year.

National Harbor continued to lead the pack, reporting combined slots and table game revenue of nearly $52.9m, a new record for the property, easily surpassing the $51.2m the casino earned in March. The gains came courtesy of lucky tables, which improved by $2.2m from July’s figure to $27.3m. National Harbor has now generated over $50m in five of the past six months (and April’s total was $49.9m, which in golf would be a gimme).