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.
