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Alberta casinos feeling effect of slowing economy

19 November 2008

EDMONTON, Alberta -- As reported by the Edmonton Sun: "The economic downturn is hurting Alberta's gambling industry, says an executive who oversees two casinos in Edmonton.

"Al Wilson, vice-president of operations for Baccarat Casino downtown and the Palace Casino in West Edmonton Mall, said business has slowed at both locations and he expects it to continue until early 2009.

"...Though he is concerned by the current economic situation, Wilson said he's pretty sure all casinos in Alberta have felt the impact.

"...(Garry) Smith.. (a gambling research specialist) said he's seen a decline of the gambling industry in the province for a long time, but it may be due to factors other than the economy.

"...Bingo and horse racing have both dropped off because of dwindling interest. Casino-going as a whole has dropped because, with Edmonton now at seven casinos, the city has reached a saturation point..."

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