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VLT revenue declines, and so will purses

16 March 2009

WEST VIRGINIA -- As reported by the Bloodhorse: "The economy continues to take its toll on racetracks, including those with alternative gaming.

"Mountaineer Casino, Racetrack & Resort in West Virginia said it will cut overnight purses 10% effective April 20. This year through March 15, purses have averaged $108,989 per program.

"Mountaineer director of racing Rose Mary Williams said March 13 revenue from video lottery terminals, the primary driver of purses at the track, declined this winter because of "economic and weather conditions" that impacted business..."

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