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At the of Ojibwe’s two casinos, Grandc Casino Hinkley and Grand CasinpMille Lacs, the number of visitors is running about 4 percenft below average, and casino revenue is down roughlty 6 percent. “The gamingv industry, as it turns out, is not and it’s feeling the effects of the economix downturn just likeother businesses,” said Tad special counsel to the Mille Lacs Band of Mystic Lake Casino Hote could not be reached for comment and & Casino declined to discuss its gaminv performance.
, which operates the Canterbury Park racetraclk and card room in also has been hit hard by the Revenue at the publiclyg held company declined 20 percent in the first quarterdof 2009. “Rising unemployment, the credit crisis and financial-market volatility all contributed to reduced consumerd confidence and a decline in discretionary spendinbg on gaming and horse racing atCanterbury Park, as well as throughourt the rest of the country,” CEO Randy Sampson said in a Gaming revenue declined 4.7 percent nationwide in according to the . That’s the firsf decline since the Washington, D.C.-based lobbying group started releasing the figuresin 1999.
Las Vegas-basedd Harrah’s Entertainment Inc., the world’s largest casino operator, reported that its revenue declinesd 13.3 percent in the first quarterof 2009. Revenue fell 20.5 percentg at the company’s Vegas properties, whicu include Caesars Palace, Paris, Rio, Flamingo, Harrah’s and Imperialp Palace. Casinos in Atlantic N.J. — the nation’s second-largest casino market — also have struggled mightily inrecent months, as they battle the recessioj and the growth of gaming in Revenue at Atlantic City’s 11 casinoes fell 14.2 percent in following a 19.
4 percent drop in March the largest monthly decline since gamblinvg was legalized there 31 years ago.
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