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Maryland permits 24x7 service by casinos, income figures through gaming activities | 12th December 2012 : WorldCasinoYellowPages

Maryland permits 24x7 service by casinos, income figures through gaming activities

... 12 December 2012

Maryland permits 24x7 service by casinos, income figures through gaming activities

The state laws permit the casinos to remain open till 2 a.m. on all week days and till 4 a.m. on week-ends in Maryland. However, with effect from twenty-seventh of this month, they would be able to facilitate uninterrupted round the clock services for their valued clients that has been the outcome of the initiatives of the poll held the past month. As per information, the chief of the Lottery & Gaming Martino - Stephen Martino has expressed that next week the applications of Maryland Live to work as per the new set of rules while the other pair’s preference to avail of the round-the-clock facility only on week-ends would be processed. The month of November saw a total income of $43.1m that was generated by the state-owned three casino properties of Maryland while Maryland Live led the show through its revenues of $34.4m. The fiscal records of Hollywood Casino Perryville registered an income of $5.4m while that of The Casino at Ocean Downs came to be just $3.3m.

The total income generated through the slots by eleven casinos of the state rose by 0.3% to $191.8m.in the previous month, say the officials at the Pennslvania Gaming Control Board. An amount of $103.7m was retained by the state authorities, a massive irrational figure as per the high tax rate. Even if the eleventh casino property that remained closed during the past month is ignored, the slots income registered an overall downfall of 1.9 percent. Counted in an ascending order, the slots revenue generated by different casinos is as follows - $19m by the Meadows, $20.4m by Harrah’s Philadelphia, $23.14m by The Rivers, $23.16m through Sands Bethlehem while the last, i.e. Parx topped the income ladder through highest buck of $29.9m. Though an additional casino did exist, yet the current year witnessed only 26,356 slots that operated fully as compared to the figure of 26,534 of the past fiscal.

The State Gaming Control Board of Nevada revealed that the revenue generated through gambling activities in the month of October in the state registered a rise of 1.88 percent to $978.8m while the Las Vegas Strip properties have exhibited an income of $580.7m of the total with an upward trend of 3.6% than the previous fiscal.

The betting on baccarat in the month of this October recorded a figure of $883.8m with an increase of 4.9%, generating income of $129.5m with a diffident clutch of 14.65% while mini-baccarat made it to $6.7m registering an increase of 53 percent with a hold of 8.2 percent. The October month in the previous year was at a benefit of nineteen percent clutch on baccarat that registered a record breaking income of $159.3m. As usual, the slot devices recorded a huge win of 6.92% to $614m up 6.88%

As regards the upward or the downward trend of revenues through different games, that is as follows – keno went up by six percent to $2.8m; craps recorded an increase of 12.4 percent to $29.1m whereas blackjack rose by 5.4% to $90.1m in terms of its income. An amazing win rate of 22.78% was noticed in respect of roulette that registered the growth of income to $50.75m up 174% whereas the monthly total of $33.3m was registered by it in the last month of December, 2007. A decrease of 73% to $186k was noticed by bingo whereas a fall of 21% to $7m came through pai-gow while three-card poker went down by 3.5% to $13.5m. 

The month of October in the history of Nevada may be called a black spot in terms of sports and race revenues – both having declined considerably. The clutch of sports betting fell deeply to 1.7% with the income going down by approx eighty percent to $6.7m while with a hold of fifteen percent, the income in respect of race wagering recorded a fall of twelve percent to $4.1m. A fall of forty four percent was observed in respect of Parlay cards that succeeded to produce an income of $2.4m. A net defeat of two percent clutch in respect of football betting hit it with a clear loss of $6.2m with a downward trend of 123.5% than the last fiscal. Income through the baseball went up approx 447% to $8.65m with a clutch of 14.7% whereas it was up by 3,394% to $2m on a clutch of 26.4% for basketball. As termed by the director of sportsbook, the worst day within almost a decade was observed in respect of the football count that too witnessed a negative trend in November.

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