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Arizona casino revenue plunges during fourth quarter

29 January 2009

ARIZONA -- As reported by The Arizona Republic: "Revenue plunged at Arizona's 22 Indian casinos during the fourth quarter, as the worsening recession kept gamblers away from the tribes' gaming tables and slot machines.

"Based on fees paid to the state, the casinos' combined revenue was down 16 percent, marking the biggest quarterly drop since Arizona Indian gaming was legalized in 1993.

"...The casinos don't break out revenue figures on a quarterly basis.

"...The shortfall is adding to the state's budget woes and cutting into state programs that are supported by casino revenue.

"It was the fourth straight quarterly revenue decline reported by the casinos, smashing the myth that gambling, like certain other forms of recreation, is recession-proof..."

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