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Study: Majestic Star Casino is best bet

28 November 2006

PITTSBURGH – As reported by the Pittsburgh Tribune-Review: "Majestic Star Casino would deliver the biggest jackpot for taxpayers if it gets Pittsburgh's casino license, according to a state study released Monday.

"With 5,000 machines -- more than either of its competitors for a casino license in Pittsburgh -- the Detroit company's North Shore casino would bring in more than $1.3 million a day, or $483.6 million a year, according to the state Gaming Control Board.

"…Gambling regulators released a one-page summary of projections compiled by PricewaterhouseCoopers on how much money the state expects a Pittsburgh casino to make. State officials declined to release the full report.

"…Forest City Enterprises came in second on the state's projections with expected annual revenue of $426.3 million. That's far less than the company's own projections for its proposed Harrah's Station Square Casino making $538.7 million a year.

"…Isle of Capri finished third, with the state saying its casino would bring in $344.9 million a year."

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