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Another quarter, another series of lousy reports from the casino sector: Shares of casinos and gaming companies dropped Tuesday as various companies reported disappointing quarterly earnings, showing gaming continues to be pressured by a weak environment . The sector saw quarterly results from casino operators Wynn Resorts Ltd. (WYNN) and Boyd Gaming
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A colleague and I were discussing this the other day -- it took literally two decades for any type of casino gambling to be legalized in Pennsylvania. From the early 1980s' discussions about slots, to the mid-1990s' flirtations with riverboat gambling, through the 2000s, when casinos were finally approved -- you might not have agreed with the
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For a recsssion, y'all have a lot of disposable income: "The casino's first eight days of operations produced one big haul, generating $6.5 million in gross terminal revenue on $73.7 million in wagering . Of the $6.5 million, 55 percent, or $3.6 million, went to the state in taxes. About $2.2 million of that will go for property tax relief
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Five years, one month and two days after Gov. Ed Rendell signed Act 71 of 2004 , otherwise known as the Gaming Act, Pittsburgh's casino, The Rivers, is about to become a reality. It's been a long road. Act 71 was preceded by a decade of riverboat gambling talk . (Never happened.) Then came the passage of the law. (Took forever.) Then came the
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... yet again: "The idea for building four, full-service casinos in Ohio will be decided by voters in November. The Ohio Secretary of State's Office today said a group backing the constitutional amendment calling for full-service gambling facilities in Cleveland, Columbus, Cincinnati and Toledo have gathered enough signatures to place the issue
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Surley the executives at the new Sands casino in Bethlehem, Pa., were hoping that the novelty of the casino would have lasted a bit longer than a month-and-a-half: "After opening to packed houses, the Sands Bethlehem Casino has seen business drop quickly, as the casino has fallen to fourth in revenue among the state’s eight operating casinos
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If you asked for a vacation day on Aug. 5 so you could be the first in line at the new casino, you may want to reschedule : "The Rivers Casino is seeking to delay its opening by four days because of water damage to slot machines caused by last week's storms. In a statement this morning, casino officials said they had asked the state Gaming
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We're just two months away from the opening of the Rivers Casino on the North Shore. Today, the casino released a list of charites that will benefit from the pre-grand opening test run (the test nights are scheduled for Saturday Aug. 1, 2009 and Monday August 3, 2009). The beneficiaries will be the Allegheny County World War II Memorial, the Urban
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Ready? Set? Gamble!: "Some were there to help a charity. Others wanted to see what all the fuss was about. But most people at Sands Casino Resort Bethlehem on Monday were there to be the first people to gamble in Bethlehem. Invited guests from across the region flocked to south Bethlehem for the first of two test runs designed to get the $743 million
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If you're reading Early Returns, we'll go ahead and presume you have an above-average interest in local and statewide politics. Otherwise you'd be over at PBC or Empty Netters. So pop quiz for all you junkies -- name the 22 candidates for the state appellate judgeships on yesterday's primary ballot. Heck, name half of them. Heck, name