2014

Maryland Live! Casino Slot Revenue Tops Mid-Atlantic Gaming Market for March 2013

HANOVER, Md., April 18, 2013 /PRNewswire/ -- Maryland Live! Casino generated the top slot revenue in the mid-Atlantic gaming market for March 2013 with $44,613,545, outperforming all other regional competitors. Compared to other facilities in Maryland, Delaware, Pennsylvania and New Jersey, the property's net revenue was more than 20% higher than the next highest competitor. The results mark the strongest revenue month to date for Maryland Live! Casino, which opened to the public in June 2012.

One of the largest and most profitable casinos in the country, Maryland Live! Casino is now poised for a record-setting month in April with the addition of more than 100 live action table games, which opened to the public on April 11, 2013. The property also plans to open a new Poker Room with more than 50 traditional poker tables this Summer.

The State of Maryland is also well-positioned to benefit from the additional revenue generated from table games. Currently, the State receives an average of $1M per day in taxes from Maryland Live!, making it one of the highest taxpayers in the State. As of the end of March 2013, the State has already received $236M in taxes from Maryland Live! Casino, since its June 2012 opening.

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, in order 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 excellent sites within the State as possible locations for the casino.

"We're very proud of the world-class gaming, dining, and entertainment destination that we have created at Maryland Live! Casino," said Joe Weinberg, Managing Partner, The Cordish Companies. "The Cordish Companies has a long history of developing some of the most profitable, best-in-class casino resorts and entertainment districts in the country. Our intent is to leverage the level of success we are enjoying at Maryland Live! to create true destination resorts in other gaming jurisdictions."

March 2013 Net Slot Revenue

Property

State

Net Slot Revenue*

Maryland Live!

Maryland

$44,613,545

PARX

Pennsylvania

$36,417,120

Borgata

New Jersey

$30,802,751

Sands Bethlehem

Pennsylvania

$27,451,189

Rivers

Pennsylvania

$27,435,784

Harrah's Philadelphia

Pennsylvania

$23,899,400

Penn National

Pennsylvania

$22,884,326

The Meadows

Pennsylvania

$21,583,272

Harrah's

New Jersey

$20,640,327

Mohegan Sun

Pennsylvania

$20,419,377

Sugarhouse

Pennsylvania

$17,804,390

Delaware Park

Delaware

$15,362,600

Dover Downs

Delaware

$15,201,200

Caesars

New Jersey

$14,184,995

Trump Taj Mahal

New Jersey

$13,452,305

Mount Airy

Pennsylvania

$13,127,952

Presque Isle

Pennsylvania

$12,651,306

Tropicana

New Jersey

$12,250,888

Bally's

New Jersey

$11,850,559

Showboat

New Jersey

$11,125,562

Harrington Raceway

Delaware

$9,271,600

Atlantic Club

New Jersey

$8,164,388

Hollywood Casino Perryville

Maryland

$8,020,347

Golden Nugget

New Jersey

$6,561,281

Resorts

New Jersey

$6,241,005

Valley Forge

Pennsylvania

$5,661,256

Trump Plaza

New Jersey

$4,419,235

Revel

New Jersey

$4,340,114

Ocean Downs

Maryland

$3,948,739

*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 Pai Gow Poker; 4,337 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 2-level, state-of-the-art Poker Room opens 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 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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