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Casino Windsor Revenue Dips Again

ONTARIO –As reported by the Windsor Star: "Casino Windsor's revenue plummeted 13.6 per cent during the three months ending Dec. 31, 2004, the third straight quarter of falling income.

"It was the biggest drop since a strike last spring closed the casino and hotel for 41 days.

"…Gross gaming revenue during the three months ending last year was $112 million, down from $129 million during the same period the previous year.

"…People have fixed budgets for entertainment, he said. Eighty per cent of the casino's customers are Americans, and when they exchange their money, they get less -- and play less. The number of people who went to the casino increased slightly to a daily average of 12,790 during the quarter, compared to 12,764 last year.

"…Revenue plunged 46 per cent during the first quarter because of the strike. It rebounded during the second quarter, but was still down 2.2 per cent. In mid-January, 201 casino employees, including 164 full-time workers, were laid off because of declining business…"

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