Baltimore’s Casino Industry is Growing Quickly Right Now

Baltimore Maryland

The US casino industry continues to see major improvements as the months go on. Even some of the smaller gaming hubs around the country are experiencing a major comeback. According to new reports, Baltimore’s casino industry is seeing a particularly large surge of revenue right now.

The casino companies here have to be pleased with this development. Now is the perfect time to break down exactly how much money the gaming industry is earning. We’ll also take a look at the casino revenue figures in other parts of the country.

Let’s get into it!

Most Casino Companies Remove Major Restrictions

There are a huge number of major casino companies operating across the United States. Throughout 2020, these companies saw record-low revenue figures. It was the most difficult time in history for the entire US gaming industry.

It wasn’t until late spring and early summer that land-based casinos were given permission to reopen. When they finally did, these gaming properties were forced to abide by intense health regulations. That included very low capacity limits and requiring facial coverings by guests and employees.

As time went on, some of these regulations were lifted. Each state took its own approach, yet most began allowing casinos to increase their capacity. This significantly helped them to bring in more revenue.

Not long ago, the CDC announced that vaccinated individuals should no longer be required to wear masks in public settings. Many of the country’s casino hubs took advantage of this news. Over in Las Vegas, nearly all of the major casino-resorts have removed their mask mandate.

More of the biggest casino destinations around the country are removing more of their restrictions. It won’t be long before Atlantic City is able to operate the way it did in 2019. Most analysts expect a truly special summer for the casino industry.

Revenue from land-based casinos is already beginning to surge. We’re now beginning to hear more about Baltimore’s new surge of gaming revenue!

Here’s an Exciting Update on Baltimore’s Casino Industry

Maryland was a state that banned traditional casino gambling for many years. As the years went on, more individuals in this state began pushing for a change. These gambling proponents felt that a regulated casino industry could bring the state a huge amount of revenue each month.

Finally, in 2008, lawmakers approved a measure to allow commercial casinos here. It was a big change for the state. It didn’t take long for major casino companies to express an interest in opening a major casino-resort here.

There are now six different casino-resorts in Maryland. It appears that 2021 is shaping up to be one of the most successful years in history for these casinos. Reports have surfaced that claim Baltimore’s casino industry is now the third-largest in the country.

The American Gaming Association claims that the greater Baltimore-Washington gaming market, including a casino in West Virginia, is now even larger than the gaming industry in the Chicago area. Nancy Myshko, vice president of human resources at Live Casino in Hanover, spoke about this situation to the media this week.

“The expansion movement is moving forward and Live is a big part of that,” Nancy said. “Our volume is significantly increasing, so we have a demand for sure. We have the availability of some positions. It’s a very competitive environment.”

Gambling revenue in Maryland will continue to surge as 2021 goes on. It may not be a shock to see new gambling properties open here in the next few years. Stay tuned for updates!

Las Vegas Continues Preparing for a Busy Summer

There’s no doubt that the US casino industry is expanding rapidly right now. Many of the smaller gambling hubs around the country are seeing impressive revenue increases right now. Of course, Las Vegas is still the biggest, most successful casino destination in the world right now.

Las Vegas has been seeing a steady increase of visitors lately. The state’s gaming commission has been reporting consistent increases in gaming revenue. Now, many of the casino companies here are preparing for a very busy summer.

This seems more likely than ever now that so many of the restrictions in the city have been lifted. Vaccinated individuals no longer need to wear masks. The vast majority of casino-resorts in the city are back at full capacity, too.

Many are excited to see how the opening of Resorts World Las Vegas affects tourism rates here. This venue cost an astounding $4.3 billion to construct. It will finally open its doors to the public for the first time on June 24.

The entire US gambling industry is expanding rapidly. The country’s bigger and smaller casino hubs are seeing revenue increases right now. Hopefully, this continues as the year goes on.

Are you surprised to hear how Baltimore’s casino industry is faring right now? How long do you think this will continue? Let us know in the comments section below.

A Bill to Keep Preakness in Baltimore is Introduced

Since 1873, Baltimore, Maryland has played host to the Preakness Stakes. It’s one of the largest horse races in America, drawing in more than one hundred thousand spectators every year. This week, lawmakers in Maryland introduced a new bill to keep Preakness in Baltimore.Preakness Stakes

This comes after the state’s main track owners threatened to relocate this historic race. For obvious reasons, a huge number of individuals want to see the Preakness Stakes stay where it is. Today, we’re going to explain why the race may change locations, and what some lawmakers are doing to stop this from happening.

History of the Preakness Stakes

There’s a good chance you’ve heard of the Preakness Stakes. It’s one of horse racing’s Crown Jewels, and one of the most-watched races in the United States. As we already mentioned, the first race took place in 1873 and has taken place annually at the Pimlico Race Course in Baltimore.

Some of the most famous horses in history have raced in the Preakness. Incredibly, the record for fastest track time is still held by Secretariat, set all the way back in 1973. The winning prize for this race has increased dramatically since that time.

When the Preakness Stakes first began, the winner took home just $3,000. Today, the race winner is paid an incredible $1.65 million. This figure will continue to increase as time goes on.

The Preakness has been an important part of Baltimore’s history. It helps to draw in a huge number of tourists and generates millions of dollars in revenue for the city every year. In 2019, an agreement was made to permanently keep the Preakness at Pimlico. Unfortunately, a dispute between the state and Maryland’s track owner, The Stronarch Group, began to escalate.

Eventually, TSG threatened to move this race elsewhere. Lawmakers are now doing everything they can to ensure this doesn’t happen.

Lawmakers Present Bill to Keep Preakness in Baltimore

There are obvious reasons to keep the Preakness Stakes at Pimlico Race Track. There’s a unique history here and moving the race elsewhere would take away from its magic. Several lawmakers recognize this, and recently presented a bill to keep Preakness in Baltimore.

This bill pledges $180 million funded by state bonds to help rebuild the historic race track. TSG has argued that Pimlico is no longer suitable for the Preakness Stakes. State officials argue that TSG underinvested in the track, causing the issue that we’re seeing now.

Lawmakers also claim that TSG can only legally change the race’s location “as a result of a disaster or emergency.” The money pledged by the state will go towards rebuilding Pimlico’s grandstand, clubhouse, and improving the track itself. Jack Young, current Mayor of Baltimore, commented on this new plan to the media this week.

“Today’s bill introduction is a critical step forward for Baltimore as it preserves the great tradition of Preakness at Pimlico and signals the commitment of significant investment in the Park Heights community,” he said.

Pimlico isn’t the only major track getting an upgrade. An additional $155 million will be put towards the improvement of Laurel Park Race Track.

Hope is that the bill to keep Preakness in Baltimore is approved quickly. Most agree that it’s the best course of action to preserve the history of the race while modernizing Maryland’s best tracks.

Maryland Continues to Push for Legal Sports Betting

Horse race wagering is hugely popular in Maryland. This form of gambling has taken place in this state for more than a century. Unfortunately, this is the only real form of “sports wagering” currently allowed here. This could change soon, though.

Since May of 2018, every state in the country has been given the green light to legalize traditional sports betting. Thus far, 21 states have officially approved sports gambling legislation. Many more are likely to do so over the next few months.

In early 2018, lawmakers in Maryland presented a bill to “study the implementation of sports gaming in the state.” The goal was to better understand how much revenue could be earned from this industry. Since that time, lawmakers have continued to look for ways to make sports wagering legal in the state.

As of now, no bill has been approved. Some feel 2020 is the year that Maryland finally approves sports betting. Several nearby states including New Jersey, New York, and Pennsylvania all now have legal sports betting markets. Most are profiting massively as a result.

The bill to keep Preakness in Baltimore may not be the only one making headlines this year. We’ll need to wait and see how long it takes for state officials to agree on sports betting legislation.

Stay tuned for more updates over the next few months!