Maryland Live! Casino Leads Mid-Atlantic Gaming Market with Total Gaming Revenue of $55M in May 2013

   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

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

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
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 or Follow Maryland Live! Casino on Facebook and
For employment opportunities, visit

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.

SOURCE Maryland Live! Casino

Contact: Carmen E. Gonzales, (443) 445-2901 office, (443) 842-1992 cell,; Mitchell Schmale - Maroon PR, (410)
336-8571 cell,
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