It’s a disappointing end to the year for Maryland’s casinos. With revenues down, the portion that goes to local communities has also shrunk.
Maryland’s casinos generated $85.6 million in December, down from last month’s revenues.
Maryland’s five casinos raked in more than $86 million last month, but that figure is down by 3 percent from the same month last year.
The automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
Maryland was the only state in the Mid-Atlantic region that saw casino revenues increase significantly between 2012 and 2013, and the trend has continued into 2014.
Maryland officials have revised the state’s revenue estimates downward by about $405 million for fiscal year 2015 and 2016.
Data from AAA Mid-Atlantic show red light cameras are raising big money for local governments.
Baltimore Mayor Stephanie Rawlings-Blake plans to announce a proposal to sell four city-owned parking garages to generate cash for urgent priorities and infrastructure.
Increasing revenue for Maryland casinos. Information released Tuesday shows the four state casinos grossed more than $72 million in the month of June.
Maryland officials say the state’s four casinos brought in nearly $78 million in revenue last month.
Maryland lawmakers will be wrestling with a bigger budget problem than they expected, after officials revised the state’s revenues down by about $238 million on Thursday for the current fiscal year and the next.
The Maryland Horse Breeders Association says its staying competitive on and off the track.