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Casino boosts Wheeling Island, Mountaineer

8 August 2008

WHEELING, Pennsylvania -- As reported by the Wheeling News-Register: "Roulette, blackjack and Caribbean Stud helped Wheeling Island Hotel-Casino-Racetrack and Mountaineer Casino Racetrack and Resort earn a combined revenue of nearly $275 million between Dec. 20, 2007, and July 19.

"That's $14.3 million more than the $260.6 million the two tracks earned between Dec. 20, 2006, and July 19, 2007, prior to the implementation of table gambling. The tracks also are battling a weak economy in the Upper Ohio Valley and higher consumer prices this year.

"Since the December opening of table gambling at the two Northern Panhandle facilities, the Wheeling track has earned $117.2 million from slots and table gambling, about $1.26 million more than the previous year's take. Mountaineer has earned $157.7 million, about $13 million more than the previous year, according to the West Virginia Lottery Commission.

"In comparison, The Meadows Racetrack and Casino in Meadowlands, Pa., about 35 miles northeast of Wheeling, has raked in $138.5 million over the same seven-month period - and The Meadows does not have table gambling, according to the Pennsylvania Gaming Control Board.

"Combined, the three tracks earned revenue of more than $413 million since December.

"A look at Wheeling Island and Mountaineer's numbers show that while table gambling has been successful in bolstering the track's bottom lines, slot machine play has dropped considerably over the past year.

"Counting only slot machine revenue, Wheeling Island earned $97.3 million for the period from Dec. 20 to July 19, while Mountaineer took in $129.8 million. These numbers are down about 10 percent from the $115.9 million for Wheeling Island and $144.6 million for Mountaineer during the same period a year earlier.

"As for table gambling, the two tracks have combined to earn $47.7 million in revenue since Dec. 20, with Wheeling Island taking $19.8 million and Mountaineer claiming nearly $27.9 million..."

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