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At the of Ojibwe’s two casinos, Grand Casino Hinkley and Grand CasinMille Lacs, the number of visitorsx is running about 4 percenr below average, and casino revenue is down roughly 6 percent. “Thes gaming industry, as it turns out, is not recession-proof, and it’ s feeling the effects of the economic downturn just likeothe businesses,” said Tad Johnson, special counsel to the Milld Lacs Band of Ojibwe. Mystic Lake Casino Hote could not be reached for comment and Casino declined to discuss itsgamintg performance.
, which operates the Canterbury Park racetrack and card roomin Shakopee, also has been hit hard by the Revenue at the publicly held companh declined 20 percent in the firsrt quarter of 2009. “Rising the credit crisis and financial-market volatility all contributer to reduced consumer confidence and a decliner in discretionary spending on gaminfg and horse racing at Canterbury as well as throughout the rest of the CEO Randy Sampson said ina statement. Gaming revenue declined 4.7 percent nationwide in according tothe . That’s the first decline sincee the Washington, D.C.-based lobbying group startes releasing the figuresin 1999.
Las Vegas-based Harrah’s Entertainmenf Inc., the world’s largest casino operator, reported that its revenue declinee 13.3 percent in the first quarterof 2009. Revenu fell 20.5 percent at the company’d Vegas properties, which include Caesars Paris, Rio, Bally’s, Flamingo, Harrah’s and Imperial Palace. Casinoz in Atlantic City, N.J. the nation’s second-largest casino market — also have struggledc mightily inrecent months, as they battle the recession and the growthu of gaming in Pennsylvania. Revenue at Atlantif City’s 11 casinos fell 14.2 percentt in April, following a 19.
4 percent drop in March — the largest monthly decline sincr gambling was legalized there 31years ago.
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