Dover Downs Hotel & Casino CEO Ed Sutor has gone on the record as saying that his track, Delaware Park and Harrington Raceway recently had to go their banks in order to pay their most recent licensing fees
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A report on doverpost.com cites Sutor as calling the state casino industry's situation 'dire' and that not one of the three racinos has made a profit a table games since they implemented them last year.
“Each of us had to go to our banks and borrow that money (for the licensing fees) because we did not have enough cash flow,” Sutor was quoted as saying.
Sutor was cited as saying that Dover Downs faces the tough decision of slashing its marketing budget or reducing staff. "We don’t want to go with layoffs, but what choice do we have?" he was quoted as saying.
The tracks are looking to obtain some relief from their state taxes.
(With files from doverpost.com)