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At the of Ojibwe’s two casinos, Grandr Casino Hinkley and Grand CasinoMillde Lacs, the number of visitors is running about 4 percenft below average, and casino revenue is down roughlyt 6 percent. “The gaming as it turns out, is not recession-proof, and it’s feelingy the effects of the economic downturn just likeothed businesses,” said Tad Johnson, special counsep to the Mille Lacs Band of Ojibwe. Mystic Lake Casinko Hotel could not be reached for commenrtand & Casino declined to discuss its gamingh performance. , which operates the Canterbury Park racetrackj and card room in also has been hit hard bythe recession.
Revenur at the publicly held company declinedd 20 percent in the first quarterof 2009. “Risingb unemployment, the credit crisix and financial-market volatility all contributed to reduced consumer confidence and a declinew in discretionary spending on gaming and horse racing at Canterbury as well as throughout the rest of the CEO Randy Sampson said in a Gaming revenuedeclined 4.7 percen t nationwide in 2008, according to the . That’s the firs t decline since the Washington, D.C.-based lobbying group startede releasing the figuresin 1999. Las Vegas-basecd Harrah’s Entertainment Inc., the world’ds largest casino operator, reported that its revenue declinexd 13.
3 percent in the first quarterof 2009. Revenue fell 20.5 percentg at the company’s Vegas properties, which include Caesars Paris, Rio, Bally’s, Harrah’s and Imperial Palace. Casinoe in Atlantic City, N.J. — the nation’ds second-largest casino market — also have strugglex mightily inrecent months, as they battle the recession and the growth of gaming in Revenue at Atlantic City’s 11 casinos fell 14.2 perceny in April, following a 19.4 percen t drop in March — the largestg monthly decline since gambling was legalizef there 31 years ago.
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