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Study Suggestions On Del. Casinos

Published: January 6, 2010 10:56 pm ET

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Recommendations from a report sponsored by Delaware’s Sports and Video Lottery Commission suggest two new casinos would be profitable for the state, but would cut revenues of the three established casinos - Dover Downs, Delaware Park in Stanton and Harrington Raceway & Casino.

The report estimates total gaming revenues at $565.8 million for 2009, drop off to $481.5 million when new competition is fully implemented in 2013, then increase to $754 million once the two new casinos are on line in the same year. Established casinos are expected to experience a drop in revenues of $422 million as of 2013.

Several commission members have expressed skepticism regarding the study’s findings on the number of casinos recommended – the report addressed the impact of just two additional casinos, while there are at least five pending proposals – the recommended location of the casinos, and revenue estimates.

The commission will meet Tuesday at 10 a.m. to discuss the report.

To read the delawareonline.com article in its entirety, click here.

(With files from delawareonline.com)


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