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Quad-City casinos continue decline

ILLINOIS – As reported by the Quad City Times: "The precipitous decline in revenue at Quad-Cities casinos continued in February, according to the latest reports from Iowa and Illinois gaming regulators.

"Hardest hit was the Rhythm City Casino, the Isle of Capri-owned riverboat in Davenport. Adjusted gross revenue in February -- $4.75 million -- was down 24 percent from February 2006, when adjusted gross revenue was $6.31 million. The February, 2007 figure also is down 7 percent from January, 2007.

"At the Isle of Capri in Bettendorf, February adjusted gross revenue was $6.55 million, down 18.7 percent from February 2006's $8.06 million. The February 2007 figure also is down from January 2007's $6.95 million.

"The numbers were somewhat less grim at the Casino Rock Island, the smallest of the three Quad-Cities casinos. The February 2007 figure was $2.90 million, down 5.13 percent from February 2006's $3.06 million. The CRI February 2007 adjusted gross revenue was up slightly -- 1.1 percent -- from January 2007…"

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