![]() The consortium’s share of gambling dollars fell by $60 million (-42%) over the last year, from $143 million in 2019 to $83 million in 2020, state records show. Short term, Horseshoe’s owner, CBAC Gaming LLC, took a beating from the economic crisis triggered by the pandemic. The casino was closed between March 16 and June 28 at the onset of the pandemic.Ī gaming industry analyst interviewed by The Brew estimates that Horseshoe needs a revenue stream of about $20 million a month to stay economically viable over the long run. That’s the lowest monthly yield since Horseshoe opened in August 2014, hailed by then-Mayor Stephanie Rawlings-Blake as an economic “game changer” for Baltimore. With capacity limited to 25% and its restaurants closed under Mayor Brandon Scott’s Covid-19 restrictions, last month’s revenues were $12.7 million. Horseshoe Casino Baltimore ended the year with December revenues skidding 32% from a year earlier, according to statistics released by Maryland’s Lottery and Gaming Control Agency.
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