Casino
September 9, 2021
Maryland’s Six Casinos Enjoy Revenue Gains as August Produces Another Win
Maryland’s casino scene continues to show signs of a strong recovery from the COVID-19 fiasco, even as new outbreaks continue to appear. While there are no indications that last year’s lockdowns will be repeated again anytime soon, businesses are still on edge as they work to push through the latest chaos. The latest figures coming […]
Casino
August 27, 2021
Caesars Increases Its Stake in Horseshoe Baltimore With a New Deal
Nevada-based casino and hotel company Caesars Entertainment is now the owner of 76% of the Horseshoe Baltimore casino, following a recent deal where Caesars acquired a minority interest from an undisclosed joint venture partner. Caesars Now Owns 76% of Horseshoe Baltimore Although Caesars didn’t comment on the monetary aspect of the deal, it did announce […]
Sports
August 19, 2021
DraftKings Becomes Sports Betting Partner of the NFL’s Ravens
The NFL’s Baltimore Ravens and DraftKings inked a deal on Wednesday. Under the partnership, DraftKings became the team’s Official Sports Betting and Official Daily Fantasy Sports Partner. DraftKings Inks Partnership with the Baltimore Ravens American daily fantasy sports (DFS) contest and sports betting operator DraftKings announced a new deal on Wednesday with the Baltimore Ravens. […]
Industry
August 16, 2021
Maryland Delays Legal Sports Betting as Rules Yet to Be Determined
Marylanders were on the brink of being provided with legal sports betting services this year. When the debate was opened by lawmakers, they hoped that everything will be finalized by the time the NFL started in September. But, as it seems, the goal was a bit too ambitious because it’ll take a few more months […]
Sports
July 16, 2021
Maryland Sports Betting Takes Shape Following Approval of New Rules
When Maryland finally launches sports betting, it has been predicted that the market could be one of the strongest in the Virginia-to-DC corridor. The state is anxious to prove those predictions right and hopes that the approval of draft rules will provide momentum for the launch of sports betting. The Maryland Lottery and Gaming Commission […]
Casino
July 9, 2021
Maryland Casino Revenue Stirs Anti-Smoking Groups into Action
Maryland’s commercial casinos posted an all-time best month in May and a solid performance in June while not allowing their guests to smoke on the gaming floors, stirring into action anti-smoking groups which propagate a ban on smoking nationwide. Impressive Performance Streak with No Smoking Lower than the historic all-time high of $172.4 million in […]
Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]
Business
June 11, 2021
PointsBet Inks Riverboat Group Agreement to Enter Maryland
Under an exclusive agreement with Riverboat Group, PointsBet secured Maryland market entry. While regulatory approval is still pending, once PointsBet is given a green light it will launch both online and retail sports wagering. PointsBet Secures Maryland Market Entry via Riverboat Group Partnership Premier global online gaming operator, PointsBet announced on Thursday that it inked […]
Casino
June 8, 2021
Maryland Casinos Set Another Record as Revenue Continues to Climb
The DC-Maryland corridor has recently been singled out because of the level of gambling revenue being reported in the area and the trend doesn’t seem to be slowing down. The Maryland Lottery provided an update yesterday on how casinos in the state performed last month, indicating that, collectively, they set a new in-state revenue record. […]
Business
May 28, 2021
Penn National Returns to Maryland Ahead of Sports Gambling Launch in the State
Penn National Gaming can now brag about having a domestic US footprint that spans 20 jurisdictions. The casino operator has been negotiating the purchase of Maryland’s Hollywood Casino Perryville from Gaming and Leisure Properties (GLPI) since late last year and received word yesterday that the deal had been approved. The Maryland Lottery and Gaming Control […]