The Cordish Companies' Maryland Live! Casino Rings In The New Year As One Of The Top Performing Casinos In The Country With Total Gaming Revenue Of $629,732,519 For 2015
HANOVER, Md., Jan. 12, 2016 /PRNewswire/ -- The Cordish Companies' Maryland Live! Casino is celebrating the start of 2016 firmly positioned as one of the top performing casinos in the country with total gaming revenue of $629,732,519 for the past year.
In December 2015, Maryland Live! generated total gaming revenue of $54,184,065, with table games generating $19,728,397 and slots generating $34,455,666.
Since opening in June 2012, Maryland Live! has consistently outperformed all competitors in the Mid-Atlantic region; and also ranks as one of the highest-grossing gaming facilities in the country. Even after the first full year of operation of a new competitor in Baltimore, Maryland Live! continued to dominate the Mid-Atlantic market with revenues more than double those of its closest competitor.
"We couldn't be more pleased with our year-end results, which reflect a high level of customer satisfaction and loyalty, and a real validation of our continued reinvestment in the property," said Robert J. Norton, President, Maryland Live! Casino. "We're proud of our accomplishments and all of our Team Members, who continue to demonstrate an unwavering commitment to making Maryland Live! one of the premier gaming and entertainment destinations in the country."
The casino invested more than $40 million in new capital projects in 2015 to enhance its award-winning facility, including the addition of Morty's Deli; a completely upgraded high-limit lounge; and the addition of new and exclusive benefits to its customer rewards program.
Maryland Live! Casino welcomes more than 10 million visitors per year. Due to its success, the State receives close to $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 approximately 3,000 Team Members.
"The Cordish Companies is proud that revenue generated from Maryland Live! Casino is responsible for 60% of the casino tax revenue collected by the State and, in just three years, has also generated over $67 million in local impact grants that have benefitted numerous county operational and capital programs," continued Norton. "We look forward to Maryland Live! continuing as an economic engine to support education in the State and our local Anne Arundel County communities with funds to enhance services in the County."
Looking Ahead
The Live! Casino brand is poised for explosive growth in 2016, with over $150 million in new capital projects slated to begin. This includes the addition of other new restaurants, casino games and attractions, such as: the expansion of the popular Asian restaurant, Luk Fu; the arrival of dealer-assist electronic table games; and the launch of the Live! Social Casino platform. In addition, development of a hotel at Arundel Mills will continue to move forward; as well as plans for a casino and hotel in Philadelphia's Stadium District (in partnership with Parx Casino).
"Cordish is moving full steam ahead with all the new development projects planned for the coming year in Maryland, as well as Philadelphia," added Norton. "Nothing makes us prouder than seeing how our continued investment supports the communities where we do business."
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! is owned and operated by a company that is affiliated with 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 The Cordish Companies
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 & Hospitality, Entertainment Management and International Urban Planning & Development. 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. For more information visit www.cordish.com or follow us on Twitter.
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SOURCE Maryland Live! Casino
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