2014

Maryland Live! Casino Leads Mid-Atlantic Gaming Market with Total Gaming Revenue of $55M in May 2013

HANOVER, Md., June 18, 2013 /PRNewswire/ -- Maryland Live! Casino once again takes the top spot in the mid-Atlantic gaming market for May 2013, generating record revenues totaling $55,056,385 and outperforming all regional competitors, including the leading properties in Atlantic City and Pennsylvania.

Compared to other facilities in Maryland, Delaware, Pennsylvania and New Jersey, the property's total net gaming revenue was more than 16% higher than the next competitor. The results mark the strongest revenue month to date for Maryland Live! Casino, which celebrated its 1st Birthday on June 6. May also marks the first full month of operation to include both slots and table games.

One of the largest casinos in the country, Maryland Live! Casino is currently under construction to add a new, state-of-the-art Poker Room with more than 50 traditional poker tables and a dedicated tournament floor. Poker opens at Maryland Live! this Summer 2013.

Maryland Live! Casino is owned and operated by The Cordish Companies, which is actively vying for the final available gaming license in the City of Philadelphia, where it has proposed to develop a $425 million Live! Hotel & Casino in the Stadium District (in partnership with Greenwood Gaming). In addition, the Company has applied for a Category 2 license in Massachusetts and is currently in the process of evaluating several sites within the State as possible locations for the casino.

"The revenue results continue to be in line with our projections," said Joe Weinberg, Managing Partner, The Cordish Companies. "Our success at Maryland Live! demonstrates the best-in-class standard of operation that we employ at all of our gaming resorts and entertainment districts across the country. We look forward to the opportunity to leverage our expertise in creating dominant destination casino resorts in other gaming jurisdictions throughout the country."

On average, the State of Maryland receives approximately $1 million per day in taxes from Maryland Live! Casino.

Regional Net Gaming Revenue – May 2013

Property

State

Net Slot Revenue*

Table Revenue

Total Gaming
Revenue

Maryland Live!

Maryland

$              37,492,689

$         17,563,696

$   55,056,385

Borgata

New Jersey

$              30,597,721

$         16,489,055

$   47,086,776

PARX

Pennsylvania

$              33,049,723

$         10,153,193

$   43,202,916

Sands Bethlehem

Pennsylvania

$              26,150,753

$         13,932,560

$   40,083,312

Caesars

New Jersey

$              15,243,405

$         14,219,306

$   29,462,711

Rivers

Pennsylvania

$              24,421,730

$           4,992,447

$   29,414,177

Harrah's

New Jersey

$              19,685,921

$           8,432,443

$   28,118,364

Harrah's Philadelphia

Pennsylvania

$              21,402,807

$           6,665,016

$   28,067,824

The Meadows

Pennsylvania

$              20,877,964

$           4,381,161

$   25,259,124

Penn National

Pennsylvania

$              20,491,229

$           3,423,756

$   23,914,985

Mohegan Sun

Pennsylvania

$              19,585,525

$           3,513,736

$   23,099,261

Sugarhouse

Pennsylvania

$              15,536,474

$           7,316,611

$   22,853,084

Bally's

New Jersey

$              12,148,514

$           8,536,569

$   20,685,083

Trump Taj Mahal

New Jersey

$              13,617,988

$           5,386,504

$   19,004,492

Tropicana

New Jersey

$              13,090,389

$           4,701,995

$   17,792,384

Mount Airy

Pennsylvania

$              12,407,260

$           3,135,321

$   15,542,580

Delaware Park

Delaware

$              12,736,400

$           2,052,635

$   14,789,035

Showboat

New Jersey

$              11,007,839

$           3,292,180

$   14,300,019

Dover Downs

Delaware

$              11,882,000

$           1,680,851

$   13,562,851

Presque Isle

Pennsylvania

$              11,915,709

$           1,248,432

$   13,164,142

Resorts

New Jersey

$                7,543,432

$           3,153,520

$   10,696,952

Revel

New Jersey

$                5,308,082

$           4,533,650

$     9,841,732

Atlantic Club

New Jersey

$                8,200,907

$           1,635,648

$     9,836,555

Hollywood Casino Perryville

Maryland

$                6,976,747

$           1,596,178

$     8,572,924

Valley Forge

Pennsylvania

$                5,405,963

$           2,790,101

$     8,196,064

Harrington Raceway

Delaware

$                7,281,400

$              846,090

$     8,127,490

Golden Nugget

New Jersey

$                6,518,506

$           1,560,410

$     8,078,916

Trump Plaza

New Jersey

$                4,482,822

$           1,215,357

$     5,698,179

Ocean Downs

Maryland

$                4,773,768

$

$     4,773,768

*Assumes all promotional credits reported on State of New Jersey Site are associated with Slot Play.

About Maryland Live! Casino
Maryland Live! Casino is conveniently located at the Arundel Mills Mall, halfway between Baltimore and Washington, directly off the Baltimore-Washington Parkway at Arundel Mills Blvd. and Route 100 in Hanover, MD (Anne Arundel County), with easy access off I-95 at Route 100. Open 24/7, the $500+ million Maryland Live! Casino is one of the largest commercial casinos in the country with 122 table games, including Blackjack, Craps, Roulette, Mini-Baccarat and Fortune Pai Gow Poker; more than 4,300 state-of-the-art slot machines; and two High Limit rooms. Approximately 50 traditional poker tables will be added to the casino floor when a new, state-of-the-art Poker Room, complete with a dedicated tournament floor, opens late Summer 2013. A variety of irresistible dining options, such as Bobby's Burger Palace, from celebrated chef Bobby Flay; The Cheesecake Factory®; Phillips® Seafood; the Zagat-rated #1 steakhouse The Prime Rib®; the multi-station Live! Buffet; and Noodles, an Asian wok and noodle bar; along with a sizzling nightlife, including live entertainment at Rams Head Center Stage and the unique, interactive R Bar, completes the world-class gaming and entertainment experience. Other first-class amenities include the Shop Live! retail store; a bus lounge, and a secure covered 5,000-space parking garage with free self-parking and direct elevator access to the casino floor. Maryland Live! Casino is owned and operated by The Cordish Companies.

Call 855-5MD-LIVE (855-563-5483); or visit www.marylandlivecasino.com or www.myliveonlinecasino.com Follow Maryland Live! Casino on Facebook and Twitter.
For employment opportunities, visit www.jobsatmarylandlivecasino.com.

About Cordish
The Cordish Companies, now in its fourth generation of family ownership, is an international conglomerate of businesses, including one of the leading gaming, entertainment and real estate development companies in the United States. The company has diverse development expertise with divisions focused on Gaming & Lodging, Entertainment & Mixed-Use, Sports Anchored Districts, Shopping & Lifestyle Retail, Office and Residential. The Cordish Companies also owns and manages a diverse group of operating businesses, ranging from gaming, restaurants/clubs to live music promotion and film/media distribution. The company values itself on the quality of its operations, its long-term relationships, and high level of integrity in all of its endeavors.

The Cordish Companies is the largest and most successful developer of entertainment districts and concepts in the United States. In particular, the company has unparalleled experience in creating and revitalizing high-profile destinations in urban core locations. Many of The Cordish Companies' projects involve public/private partnerships and are of unique significance to the cities in which they are located. Prime examples are the company's prominent role in the redevelopment of Baltimore's world-famous Inner Harbor; Atlantic City, NJ; Hollywood, FL; Charleston, SC; Houston, TX; Louisville, KY; Tampa FL; Kansas City, MO; and Towson, MD.

The Cordish Companies has received the highest possible national awards in its various area of expertise. In real estate, The Cordish Companies has received an unprecedented seven Urban Land Institute Awards of Excellence. www.cordish.com

SOURCE Maryland Live! Casino



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