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Indiana racetracks face more competition16 July 2007INDIANA -- As reported by the Indiana Enquirer: "As casinos in Southeast Indiana see their winning streak slowing, competition coming to the Hoosier State and possibly in Kentucky may raise the odds against them in the future. "Indiana legislators this spring authorized adding slot machines to two racetracks - including about 2,000 slots at Indiana Downs in Shelbyville an hour and 15 minutes from Cincinnati. Track officials say they plan to install the machines early next year. "And Kentucky is considering allowing slots. "...The three casinos that attract regular patrons from Greater Cincinnati and Northern Kentucky - Argosy, Belterra and Grand Victoria - collectively raked in $400.2 million during the first half of this year - up 1.3 percent from the same period last year. "That lagged Indiana as a whole, which saw total gambling revenues climb 5.1 percent. "Last year, the Hoosier State surpassed Mississippi as the nation's third-largest casino market behind Nevada and New Jersey, generating $2.58 billion in revenue, according to the American Gaming Association. "But Southeast Indiana's 5.4 percent growth rate lagged the state's 6.8 percent annual increase..." |