Maryland Live! Casino Leads Mid-Atlantic Gaming Market with Total Gaming Revenue of $55M in May 2013 PR Newswire HANOVER, Md., June 18, 2013 HANOVER, Md., June 18, 2013 /PRNewswire/ --Maryland Live! Casino once again takes the top spot in the mid-Atlantic gaming market for May 2013, generating record revenues totaling $55,056,385 and outperforming all regional competitors, including the leading properties in Atlantic City and Pennsylvania. Compared to other facilities in Maryland, Delaware, Pennsylvania and New Jersey, the property's total net gaming revenue was more than 16% higher than the next competitor. The results mark the strongest revenue month to date for Maryland Live! Casino, which celebrated its 1^st Birthday on June 6. May also marks the first full month of operation to include both slots and table games. One of the largest casinos in the country, Maryland Live! Casino is currently under construction to add a new, state-of-the-art Poker Room with more than 50 traditional poker tables and a dedicated tournament floor. Poker opens at Maryland Live! this Summer 2013. 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, where it has proposed 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 sites within the State as possible locations for the casino. "The revenue results continue to be in line with our projections," said Joe Weinberg, Managing Partner, The Cordish Companies. "Our success at Maryland Live! demonstrates the best-in-class standard of operation that we employ at all of our gaming resorts and entertainment districts across the country. We look forward to the opportunity to leverage our expertise in creating dominant destination casino resorts in other gaming jurisdictions throughout the country." On average, the State of Maryland receives approximately $1 million per day in taxes from Maryland Live! Casino. Regional Net Gaming Revenue – May 2013 Property State Net Slot Revenue* Table Revenue Total Gaming Revenue Maryland Live! Maryland $ $ $ 37,492,689 17,563,696 55,056,385 Borgata New Jersey $ $ $ 30,597,721 16,489,055 47,086,776 PARX Pennsylvania $ $ $ 33,049,723 10,153,193 43,202,916 Sands Bethlehem Pennsylvania $ $ $ 26,150,753 13,932,560 40,083,312 Caesars New Jersey $ $ $ 15,243,405 14,219,306 29,462,711 Rivers Pennsylvania $ $ $ 24,421,730 4,992,447 29,414,177 Harrah's New Jersey $ $ $ 19,685,921 8,432,443 28,118,364 Harrah's Pennsylvania $ $ $ Philadelphia 21,402,807 6,665,016 28,067,824 The Meadows Pennsylvania $ $ $ 20,877,964 4,381,161 25,259,124 Penn National Pennsylvania $ $ $ 20,491,229 3,423,756 23,914,985 Mohegan Sun Pennsylvania $ $ $ 19,585,525 3,513,736 23,099,261 Sugarhouse Pennsylvania $ $ $ 15,536,474 7,316,611 22,853,084 Bally's New Jersey $ $ $ 12,148,514 8,536,569 20,685,083 Trump Taj Mahal New Jersey $ $ $ 13,617,988 5,386,504 19,004,492 Tropicana New Jersey $ $ $ 13,090,389 4,701,995 17,792,384 Mount Airy Pennsylvania $ $ $ 12,407,260 3,135,321 15,542,580 Delaware Park Delaware $ $ $ 12,736,400 2,052,635 14,789,035 Showboat New Jersey $ $ $ 11,007,839 3,292,180 14,300,019 Dover Downs Delaware $ $ $ 11,882,000 1,680,851 13,562,851 Presque Isle Pennsylvania $ $ $ 11,915,709 1,248,432 13,164,142 Resorts New Jersey $ $ $ 7,543,432 3,153,520 10,696,952 Revel New Jersey $ $ $ 5,308,082 4,533,650 9,841,732 Atlantic Club New Jersey $ $ $ 8,200,907 1,635,648 9,836,555 Hollywood Casino Maryland $ $ $ Perryville 6,976,747 1,596,178 8,572,924 Valley Forge Pennsylvania $ $ $ 5,405,963 2,790,101 8,196,064 Harrington Raceway Delaware $ $ $ 7,281,400 846,090 8,127,490 Golden Nugget New Jersey $ $ $ 6,518,506 1,560,410 8,078,916 Trump Plaza New Jersey $ $ $ 4,482,822 1,215,357 5,698,179 Ocean Downs Maryland $ $ $ 4,773,768 4,773,768 *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 Fortune Pai Gow Poker; more than 4,300 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, state-of-the-art Poker Room, complete with a dedicated tournament floor, opens late 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 self-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) 445-2901 office, (443) 842-1992 cell, firstname.lastname@example.org; Mitchell Schmale - Maroon PR, (410) 336-8571 cell, Mitchell@maroonpr.com
Maryland Live! Casino Leads Mid-Atlantic Gaming Market with Total Gaming Revenue of $55M in May 2013
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