Source: Maryland Lottery and Gaming (MD)
Maryland Lottery and Gaming reported that the state’s six casinos generated $172,105,632 from slots and table games in March 2025. The total was down 3.4% year on year, while casino contributions to the state reached $74,555,922, a 2.5% decrease.
The figures give Maryland casino operators and regulators a measure of revenue and state contributions for March.
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MGM Resorts International chief executive Bill Hornbuckle told the Nevada Gaming Commission that sports-event prediction markets should be regulated and taxed like sports betting. He said recent state guidance gave direction to Nevada-licensed operators; regulators have warned that offering sports-event contracts could put a company’s gaming status at risk, including when activity takes place outside the state.
J.P. Morgan analyst Daniel Politzer said gaming stocks fell 7% in August, while the S&P 500 rose 3%. He cited several possible factors, including the Iran conflict, higher rates and sector uncertainty; Churchill Downs gained 3%, while Penn Entertainment fell 17%.
Gaming & Leisure Properties chief executive Peter Carlino said on the company’s 31 July second-quarter earnings call that regional gaming demand remained strong. GLPI executives said they had made no commitments to invest in infrastructure for Bally’s Las Vegas and were noncommittal about potential deals linked to other casino assets.
Stifel analyst Jeffrey Stantial said proposed takeover bids for Caesars Entertainment and MGM Resorts International could support a valuation floor for Penn Entertainment. He estimated that applying rival valuation multiples to Penn’s 2026 guidance indicated fair value of $20–$30 per share, while Penn management’s main focus remained reducing debt.
Analysts discussed the proposed Fertitta Entertainment acquisition of Caesars, announced on Thursday, and its potential effects on casino operators. J.P. Morgan’s Daniel Politzer raised questions about financing, possible divestitures and shareholder approval, while CBRE’s John DeCree said the sector could see further leveraged and management buyouts.