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Local casinos vie for customers15 May 2008NEW YORK -- As reported by Reuters: "As travel costs continue to rise, some analysts say closer-to-home regional casinos might attract gamblers away from "destination" gaming centers like Las Vegas and Atlantic City. "They argue that the extra costs involved in traveling to those two popular cities could make some gamblers choose instead to keep their hard-earned cash for local tables and slot machines. "Others, however, believe both regional and major gambling venues will continue to suffer as the U.S. economy weakens and consumers are more careful about staying on budget. "...'People will go to a good alternative ... the best example right now is Pennsylvania,' said Keith Foley, senior vice president at ratings agency Moody's. "...As another example, Foley cited the L'Auberge du Lac casino resort in Lake Charles, Louisiana, which had its best ever month in March according to owners Pinnacle Entertainment Inc..." |