Cumberland Times-News

Local News

July 5, 2013

Casino pulls in $2.5M in first month

CUMBERLAND — The Rocky Gap Casino Resort reported earnings on $2.5 million in its first full month of operation according to June revenue figures released Friday by the Maryland Lottery and Gaming Control Agency.

With the casino at Rocky Gap opening to the public on May 22, the June earnings report represents its first full month of operations.

“It sounds pretty strong to me. I know they are pleased with the weekends, but I believe they have hoped for better turnouts during the week,” said Bill Valentine, Allegany County commissioner.

 Rocky Gap Casino Resort is operated by Lakes Entertainment based in Minnesota.

Efforts to reach officials with Lakes Entertainment for comment were unsuccessful by press time.

Rocky Gap has 558 slot machines, also known as video gaming terminals, and 10 gaming tables.

The earnings reports broke down the $2.5 million gross gaming revenue, as follows, per unit per day: $128.59 for slot machines and $1,111.67 for banking table games.

 “We think they need to get the conference center going. It’s suppose to open in November,” said Valentine.

Lakes Entertainment is currently constructing a conference center as an addition to the lodge on the north side facing Lake Habeeb.

Valentine said that income from holding conferences will help the resort’s bottom line.

“Their project is not fully complete,” said Valentine.

Rocky Gap is one of four casinos in Maryland.

The revenue report also published the earnings for the remaining three gambling establishments.

The Maryland Live! Casino in Anne Arundel County generated $51 million.

The Hollywood Casino Perryville in Cecil County earned $7.8 million and the Casino at Ocean Downs in Worcester County took in $4.8 million.

Maryland Lottery grossed $1.795 billion in 2012 in total gambling revenues from scratch off cards and off-site terminals to casino earnings.

Allegany County is expected to benefit by receiving 5.5 percent of the profits from Rocky Gap gambling operation.

The Rocky Gap Casino Resort currently employs about 350 people.

Greg Larry can be contacted at glarry@times-news.com

1
Text Only
Local News
  • Easter experience Easter experience

    April 18, 2014 1 Photo

  • Game on: City interested in baseball study

    After it looked like the objection of a couple of constituents to a study on the feasibility of bringing a minor league baseball team to the area may have torpedoed the thought, county commissioners and some city officials sounded ready to sing a chorus of “Take Me Out to the Ballgame” on Thursday.

    April 18, 2014

  • DEREK SHEELY Charges against helmet maker stand in case of Frostburg player’s death

    A Montgomery County judge this week declined to dismiss charges against a helmet manufacturer in a case brought by the parents of a Frostburg State University football player who died of head injuries in August 2011 following four straight days of heavy contact drills in practice.

    April 18, 2014 1 Photo

  • GAYLE MANCHIN W.Va. BOE president speaks on issues at WVSDB

    West Virginia Board of Education President Gayle Manchin responded to issues at the West Virginia Schools for the Deaf and the Blind during an interview with the Times-News Wednesday morning.

    April 18, 2014 1 Photo

  • REGINALD REDMAN Moorefield man jailed on felony drug count

    A Moorefield man was arrested on various charges Thursday, including a felony drug offense for possession of amphetamines, according to the Keyser Police Department.

    April 18, 2014 1 Photo

  • Blossoming optimism Blossoming optimism

    April 18, 2014 1 Photo

  • Cemetery group’s efforts revive Oak Hill grounds Cemetery group’s efforts revive Oak Hill grounds

    After you drive Alexander and Furnace streets then navigate a couple of switchbacks on Cemetery Road, you’d figure there would be no more uphill.

    April 17, 2014 2 Photos

  • Proposed county budget holds most agencies flat

    After taking into account an income tax shortfall, Allegany County Finance Director Jason Bennett said he’ll propose a budget that holds most outside agencies to flat funding and funds the Board of Education at what county officials say are maintenence of effort levels for 2015.

    April 17, 2014

  • RYAN WOLF Wolf named 2014-15 Garrett Teacher of the Year

    Southern Garrett High School teacher Ryan Wolf has been named the 2014-15 Garrett County Teacher of the Year.

    April 17, 2014 1 Photo

  • Rep. Delaney discusses congressional gridlock Rep. Delaney discusses congressional gridlock

    While giving a civics lesson at Frostburg State University on Thursday, U.S. Rep. John Delaney, congressman from Maryland’s sixth district, told students that the polarization in Congress is due primarily to redistricting and a poorly designed Congressional schedule.

    April 17, 2014 1 Photo

Facebook
Must Read
News related video
Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Space X Launches to Space Station Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Appellate Court Hears Okla. Gay Marriage Case Horseless Carriage Introduced at NY Auto Show Chelsea Clinton Is Pregnant Beau Biden Plans 2016 Run for Del. Governor Flamingo Frenzy Ahead of Zoo Construction Obama: 8 Million Healthcare Signups Obama Hopeful on Ukraine, Will Watch Russians U.S. Sending Nonlethal Aid to Ukraine Military Holder: Americans Stand With KC Mourners