Jay Fergusonjay@deepcreekvacations.com301-501-0420

Rocky Gap revenues top $700,000 in 10 days

Majority of money was from casino’s slot machine operation

Matthew Bieniek Cumberland Times-News

ROCKY GAP — Rocky Gap Casino Resort made $776,133 in revenue from slots and table games during the 10 days it was open in May, state gaming officials said.

The casino opened May 22. More than $600,000 of the revenue was from the slots side of the operation, which took in $648,365.59.

“Gross gaming revenue per unit per day was: $106.39 for slot machines and $1,161.52 for banking table games. Rocky Gap Casino Resort operates 554 slot machines and 10 banking table games,” according to a press release from the Maryland Lottery and Gaming Control Commission.

Allegany County Commission President Michael McKay said it was too early to start thinking about the potential revenue to the county. McKay said he wants to see what happens over a two- to three-year period, at least, before making any judgments.

“With the projections and the May numbers it is too soon to forecast success or have apprehension,” McKay said. “I’m optimistic and excited by the early results.” McKay said he took it as a good sign that it was hard to find parking when he stopped at Rocky Gap on business. But he offered further words of caution.

“We need to be fiscally prudent. … It’s premature to start commenting and premature for the county to start talking about spending the revenue,” McKay said. The county and the casino company have a payment in lieu of taxes agreement in place that will pay the county at least $295,000 a year.

Slot machine revenue from Rocky Gap included a contribution of $272,315.55 to the state’s education trust fund and local impact grants of $17,830.05. Lakes Entertainment earned $324,128.81, according to commission records. Total table game revenue was $127,767.50.

Rocky Gap helped save the day, or month, for state gambling revenues.

“In a year-to-year comparison — excluding Maryland Live, which opened in June 2012 and Rocky Gap Casino Resort — May 2013 casino revenue decreased from May 2012 by $1,206,766 or 8.29 percent. The addition of Maryland Live and Rocky Gap Casino Resort, however, brought a year-to-year net benefit to the state of $36,599,254. May’s figures brought total fiscal year 2013 gross revenues to $511.1 million,” according to the press release. The Maryland Live Casino is in Anne Arundel County.

Lakes Entertainment controls subsidiary Evitts Resort LLC, which owns the casino.

Lakes also held its 2013 annual shareholders meeting June 5 at Rocky Gap. Shareholders elected a five-member board of directors consisting of Lyle Berman, Timothy Cope, Neil I. Sell, Ray Moberg and Larry C. Barenbaum. Berman is the chief executive officer of the company and Cope is the chief financial officer. The information was reported, as required, to the federal Securities and Exchange Commission.

Contact Matthew Bieniek at mbieniek@times-news.com.

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Jay Ferguson

Who I Am My name is Jay Ferguson, and I am a lifelong resident of the Deep Creek Lake area. I am also co-owner of the real estate side of Taylor Made. I have been in the real estate business for 21+ years now and I LOVE what I do! I have to say, my career really took off when I co-founded the real estate side of Taylor Made in 2014. Its been an amazing experience, building a real estate company from the ground up and achieving so much so quickly! In August 2016, we purchased Long & Foster Real Estate Deep Creek, where I had started my career in 2000. In 2018, we on-boarded virtually every agent from Coldwell Banker Deep Creek Realty as they closed up shop and the real estate family grew even more! We now have over 40 sales agents and have expanded to West Virginia and Pennsylvania, as well. Taylor Made is the #1 vacation rental company at Deep Creek with over 475 vacation rental homes, and over one hundred thousand yearly visitors. Its amazing what we have accomplished using the principles of honesty, teamwork and customer service! Personally, my wife Jessica and I enjoy traveling and especially spending time in the outdoors, hiking and exploring the many diverse areas that Garrett County is naturally blessed with. We have raised two wonderful children here, Kayleah (22) and Noah (13). In the summer, we love spending time on the water with friends & family and enjoying the lake life! We are both active in our church, our community & local school activities, and we fill our schedule with plenty of volunteer efforts. I currently serve on the board of directors for Habitat for Humanity. I am proud to say that I was named Deep Creek Time’s Favorite ‘Community Champion’ in 2019. I was also named Garrett County Realtor of the Year in 2018-19, as well. I really enjoy promoting my hometown. I am very proud of the resort area that has developed over my lifetime and look forward to growing the area even more! Deep Creek Lake has been described as ‘The Lake Tahoe of the east', and I think that speaks volumes about the potential to own property here! Deep Creek Lake isn't really a town or city by itself; it's comprised of three towns: Oakland, Swanton & McHenry, Maryland. I am very passionate about my hometown and am impressed with how many people know about it as we travel around the country. Deep Creek Lake is an amazing place to visit and even better place to live! During the pandemic in 2020, our market exploded and more and more people left their primary residence in the city to live here permanently. With distance learning in schools and tele-commuting becoming the ‘norm’, many more people were drawn to the area to ‘live where they love to play’. Why You Want Me Working for You: In addition to being an owner, I am consistently one of the top-producing agents in the entire area and the Associate Broker of record for Taylor-Made Deep Creek Vacations & Sales. I have 21+ years of experience and I am a problem solver. There aren’t many situations that I have not encountered and I have a strategy for almost every scenario that you may encounter. I have extensively trained in all areas of real estate & emerging technologies, and also have trained as an appraiser, as well as served as a full-time Broker. I have a strong knowledge of the industry, as well as many trusted local contacts & affiliations that allow me to perform at a very high level and deliver results. I have a great deal of respect for my peers in this industry and have strong working relationships that I would love to put to work for you. Call me to discuss your situation - I know I can be of great service to you & others you care about! Honesty. Integrity. Results.