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Competition Fears Maryland Casinos

As Maryland gets ready to open up an additional casino in Baltimore, officials at Hollywood Casino at Charles Town Races are keeping that in mind, but not becoming nervous.

Al Britton, common manager from the racetrack, spoke towards the Jefferson County Commission Thursday around the influence the Maryland casino could have, additionally to adding table games to those already current, and also the proposed Senate Bill 455.

If passed, SB455 would cut down the amount of races per year to a minimum of 150 at the West Virginia racetrack, and lower purse values.

“I would like to point out that may be the minimum days necessary,” Britton mentioned. “Currently the minimum is 220 days, but we’ve got negotiated together with the horsemen to run 235 days. If that bill had been to be successful, it will not mean that Charles Town races would go to 150 days.”

As for the Maryland casinos, Britton mentioned Charles Town took a hit when Maryland Reside! opened final June in Anne Arundel County with a decline in revenues between 15 and 17 %. As of April 11, Maryland Reside! will add table games to its list of attractions.

“Another piece of competitors isn’t too far behind,” Britton stated, because the city of Baltimore prepares to open a complete casino, and however a different will seem in National Harbor, just outside of Washington, D.C.

To date, Penn National, who owns the casino in Charles Town, has invested greater than $400 million within the property. Britton said this really is part from the explanation the casino has fared so nicely with the changes in surrounding regions.

“Those areas comprise our primary markets. We’re satisfied to say we feel we’re inside a good position to compete,” Britton stated. “I think we are all pleased with our potential to compete with Maryland Reside! hence far.”

 
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