Gaming Revenues Fall, but There are Glimmers of Hope

DOVER, Del., July 23 /PRNewswire/ -- Casino revenues fell throughoutthe United States in June but showed some signs of stabilizing, according to the National Revenue Report published by Fantini Research.

Gaming win in regional casino markets fell 1.38 percent to $2.225 billion, a deterioration from the year-to-date gain of 1.57 percent.

The damage was worse when new casinos are factored out. Same-store revenues fell 5.66 percent.

However, there are glimmers of hope, the report's author, Frank Fantini, said in pointing to casino companies such as Ameristar, Pinnacle Entertainment and Isle of Capri that grew revenues through expansions.

Other bright sports include the emerging racino markets ofPennsylvania andNew York, where revenues soared 48.9 and 15.5 percent, respectively.

Nonetheless, the 32-page report details the industry's glum status at mid-year as casinos fight a slow economy, smoking bans in major markets (Atlantic City,Colorado,Illinois), new competition (Atlantic City,Indiana, New Orleans) and flooding rivers (Iowa,Mississippi,Missouri).

ABOUT THE NATIONAL REVENUE REPORT. The NRR is the most complete report on gaming revenue inthe United States. It is published monthly by Fantini Research, publisher of Fantini's Gaming Report.

Copies of the National Revenue Report are available by subscription or single-copy purchase at http://www.fantiniresearch.com.

For more information about the National Revenue Report, contact Frank Fantini at FFantini@FantiniResearch.com, or by telephone at 1-866-683-4357.

ABOUT FANTINI RESEARCH. Fantini Research publishes Fantini's Gaming Report, the most comprehensive daily report on news about the industry aimed at institutional investors, private investors and corporate level executives.

Fantini's Gaming Report covers every aspect of the gaming industry -- commercial and Indian casinos, lottery and racing companies, and the slot machine and technology companies that supply those industries.

Fantini's Gaming Report is distributed to investors and executives throughoutNorth America,Europe,Asia andAustralia.

For more information about Fantini's Gaming Report and the company's other services and publications, contact Business Director Dee Wild at DWild@FantiniResearch.com, or by phone at 1-866-683-4357.

ABOUT FRANK FANTINI. The CEO of Fantini Research is a former newspaper journalist, publisher and corporate executive who has invested in gaming stocks for more than a decade.

Recognized as an expert on developments in the industry, Mr. Fantini is frequently quoted by national and international news services, newspapers and television and radio broadcasters.

SOURCE Fantini's Gaming Report

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