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Meadows Disputes Numbers

HARRISBURG, Pennsylvania – As reported by the Pittsburgh Tribune-Review: "The company proposing a casino at The Meadows in Washington County told state gambling regulators Monday that the venture would not be profitable if state revenue projections are correct.

"But Bill Paulos, a partner in Las Vegas-based Millennium Gaming, which bought the harness racing track in July, believes the state's numbers -- based on a consultant's study -- are wrong.

"…A major financial discrepancy emerged at a licensing hearing for a temporary casino at The Meadows when the state Gaming Control Board estimated gross gaming revenue at the casino at $123 million.

"…Millennium Gaming's experts project an annual revenue figure of about $215 million.

"…The board is scheduled to make a decision on licenses on Sept. 27. The board will approve, deny or defer action on the casino at The Meadows and other racetracks, Decker said…"

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