Maryland Live! Casino Slot Revenue Tops Mid-Atlantic Gaming Market for March 2013

 Maryland Live! Casino Slot Revenue Tops Mid-Atlantic Gaming Market for March
                                     2013

PR Newswire

HANOVER, Md., April 18, 2013

HANOVER, Md., April 18, 2013 /PRNewswire/ --Maryland Live! Casino generated
the top slot revenue in the mid-Atlantic gaming market for March 2013 with
$44,613,545, outperforming all other regional competitors. Compared to other
facilities in Maryland, Delaware, Pennsylvania and New Jersey, the property's
net revenue was more than 20% higher than the next highest competitor. The
results mark the strongest revenue month to date for Maryland Live! Casino,
which opened to the public in June 2012.

One of the largest and most profitable casinos in the country, Maryland Live!
Casino is now poised for a record-setting month in April with the addition of
more than 100 live action table games, which opened to the public on April 11,
2013. The property also plans to open a new Poker Room with more than 50
traditional poker tables this Summer.

The State of Maryland is also well-positioned to benefit from the additional
revenue generated from table games. Currently, the State receives an average
of $1M per day in taxes from Maryland Live!, making it one of the highest
taxpayers in the State. As of the end of March 2013, the State has already
received $236M in taxes from Maryland Live! Casino, since its June 2012
opening.

Maryland Live! Casino is owned and operated by The Cordish Companies, which is
actively vying for the final available gaming license in the City of
Philadelphia, in order to develop a $425 million Live! Hotel & Casino in the
Stadium District (in partnership with Greenwood Gaming). In addition, the
Company has applied for a Category 2 license in Massachusetts and is currently
in the process of evaluating several excellent sites within the State as
possible locations for the casino.

"We're very proud of the world-class gaming, dining, and entertainment
destination that we have created at Maryland Live! Casino," said Joe Weinberg,
Managing Partner, The Cordish Companies. "The Cordish Companies has a long
history of developing some of the most profitable, best-in-class casino
resorts and entertainment districts in the country. Our intent is to leverage
the level of success we are enjoying at Maryland Live! to create true
destination resorts in other gaming jurisdictions."

March 2013 Net Slot Revenue

Property                        State            Net Slot Revenue*
Maryland Live!                  Maryland         $44,613,545
PARX                            Pennsylvania     $36,417,120
Borgata                         New Jersey       $30,802,751
Sands Bethlehem                 Pennsylvania     $27,451,189
Rivers                          Pennsylvania     $27,435,784
Harrah's Philadelphia           Pennsylvania     $23,899,400
Penn National                   Pennsylvania     $22,884,326
The Meadows                     Pennsylvania     $21,583,272
Harrah's                        New Jersey       $20,640,327
Mohegan Sun                     Pennsylvania     $20,419,377
Sugarhouse                      Pennsylvania     $17,804,390
Delaware Park                   Delaware         $15,362,600
Dover Downs                     Delaware         $15,201,200
Caesars                         New Jersey       $14,184,995
Trump Taj Mahal                 New Jersey       $13,452,305
Mount Airy                      Pennsylvania     $13,127,952
Presque Isle                    Pennsylvania     $12,651,306
Tropicana                       New Jersey       $12,250,888
Bally's                         New Jersey       $11,850,559
Showboat                        New Jersey       $11,125,562
Harrington Raceway              Delaware         $9,271,600
Atlantic Club                   New Jersey       $8,164,388
Hollywood Casino Perryville     Maryland         $8,020,347
Golden Nugget                   New Jersey       $6,561,281
Resorts                         New Jersey       $6,241,005
Valley Forge                    Pennsylvania     $5,661,256
Trump Plaza                     New Jersey       $4,419,235
Revel                           New Jersey       $4,340,114
Ocean Downs                     Maryland         $3,948,739
*Assumes all promotional credits reported on State of New Jersey Site

are associated with Slot Play.

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 122 table games, including Blackjack, Craps,
Roulette, Mini-Baccarat and Pai Gow Poker; 4,337 state-of-the-art slot
machines; and two High Limit rooms. Approximately 50 traditional poker tables
will be added to the casino floor when a new 2-level, state-of-the-art Poker
Room opens Summer 2013. A variety of irresistible dining options, such as
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; and Noodles, an Asian wok and noodle bar; along
with 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 free parking and direct elevator access to the casino floor. Maryland
Live! Casino is owned and operated by 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 Cordish
The Cordish Companies, now in its fourth generation of family ownership, is an
international conglomerate of businesses, including one of the leading gaming,
entertainment and real estate development companies in the United States. The
company has diverse development expertise with divisions focused on Gaming &
Lodging, Entertainment & Mixed-Use, Sports Anchored Districts, Shopping &
Lifestyle Retail, Office and Residential. The Cordish Companies also owns and
manages a diverse group of operating businesses, ranging from gaming,
restaurants/clubs to live music promotion and film/media distribution. The
company values itself on the quality of its operations, its long-term
relationships, and high level of integrity in all of its endeavors.

The Cordish Companies is the largest and most successful developer of
entertainment districts and concepts in the United States. In particular, the
company has unparalleled experience in creating and revitalizing high-profile
destinations in urban core locations. Many of The Cordish Companies' projects
involve public/private partnerships and are of unique significance to the
cities in which they are located. Prime examples are the company's prominent
role in the redevelopment of Baltimore's world-famous Inner Harbor; Atlantic
City, NJ; Hollywood, FL; Charleston, SC; Houston, TX; Louisville, KY; Tampa
FL; Kansas City, MO; and Towson, MD.

The Cordish Companies has received the highest possible national awards in its
various area of expertise. In real estate, The Cordish Companies has received
an unprecedented seven Urban Land Institute Awards of Excellence.
www.cordish.com

SOURCE Maryland Live! Casino

Website: http://www.marylandlivecasino.com
Contact: Carmen E. Gonzales, (443) 842-1992 cell,
carmen.gonzales@marylandlivecasino.com
 
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