The Cordish Companies' Maryland Live! Casino Generates 60% Of FY2015 Casino Revenue Contribution To The State of Maryland With $301.1 Million

Aug 11, 2015, 09:47 ET from Maryland Live! Casino

HANOVER, Md., Aug. 11, 2015 /PRNewswire/ -- Revenue generated from The Cordish Companies' Maryland Live! Casino was responsible for 60% of the FY2015 casino revenue contribution to the State of Maryland.

According to the Maryland Lottery and Gaming Control Agency, Maryland casinos contributed $487 million in revenues to the State in FY2015. Of this total, $301,168,736 was contributed by Maryland Live!, the State's largest and top performing casino, which averages $50 million in gaming revenue per month, more than double that of its closest regional competitor.

With more than 10 million visitors per year, the facility consistently ranks as the top performing casino in the entire mid-Atlantic gaming market, including Pennsylvania, West Virginia, Delaware, and New Jersey.

Due to its success, the State receives approximately $1M per day in taxes from Maryland Live!, including gaming, property, employment, real estate, sales and use taxes, making it the highest taxpayer in the State. The Casino is also one of the largest employers in the State with over 3,000 Team Members.

"Maryland Live! is very proud of its role as a major driver of economic growth in the State," said Rob Norton, President/CEO, Maryland Live! Casino. "Our success demonstrates an unwavering loyalty from our customers, as well as the hard work and passion of our team members."

The Live! Casino brand is poised for explosive growth in the coming months with announcements coming soon about plans for a hotel and conference center expansion at Maryland Live!, as well as the development of the new Live! Hotel & Casino in Philadelphia.

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 more than 200 live action table games, including Blackjack, Craps, Roulette, Baccarat, Pai Gow, and a Poker Room; approximately 4,000 of the latest slot machines; and two High Limit rooms. A variety of irresistible dining options include 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; Noodles, featuring traditional Ramen noodles, banh mi sandwiches and pho soups; Luk Fu, serving authentic South East Asian cuisine; and Morty's Delicatessen, a traditional New York-style deli. 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 valet service, free self-parking and direct elevator access to the casino floor. Maryland Live! Casino is owned and operated by an affiliate of 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' origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Real Estate Development, Gaming & Lodging and Entertainment Management. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. Prime examples are The Cordish Companies' prominent role in the redevelopment of Baltimore's world famous Inner Harbor; Philadelphia, PA; Atlantic City, NJ; Charleston, SC; Houston, TX; Louisville, KY; Kansas City, MO and St. Louis, MO. In addition, The Cordish Companies has developed and operates multiple highly acclaimed entertainment destinations throughout the United States which welcome over 50 million visitors per year and are the most visited destinations in their respective regions. Over the generations, The Cordish Companies has remained true to the family's core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. www.cordish.com

SOURCE Maryland Live! Casino



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