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Indiana Riverboat Casinos Post Drop in Revenue

INDIANA – As reported by the Cincinnati Enquirer: "Riverboat casinos in Southeastern Indiana chugged along in August despite an overall softening of revenues compared to July and the previous August.

"The drop reflected a statewide reduction in gross gaming revenue for Indiana's riverboat casinos, which were down about 11 percent in August compared to July and off 1 percent year over year.

"The Argosy Hotel & Casino in Lawrenceburg fared better than most for the month. The largest of the three area riverboats recorded a 'win' - the amount of money lost by gamblers - of $38 million for August, down about 9 percent from its July results.

"Larry Kinser, general manager of the Argosy, said August often is slower than July…"

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