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.