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Slump unlucky for U.S. casinos

8/13/2008 (Calgary Herald) Gambling - Casino gambling revenues on the Las Vegas Strip and in Atlantic City fell after cash-strapped U.S. consumers curbed spending on entertainment and travel.

Gambling revenue on the Strip dropped three per cent to $486.4 million US in June, resulting in the first fiscal-year decline in six years, according to Nevada Gaming Control Board data released Monday. In Atlantic City, gamblers bet 6.6 per cent less, or $438.7 million, in July, the 14th decline in 16 months, New Jersey's Casino Control Commission said.

The slump at the two largest U.S. gambling centres has begun to take its toll on the companies that make the most money there. The decline in Las Vegas prompted Boyd Gaming Corp. to delay construction of its $4.75-billion Echelon Strip resort development.

Las Vegas Strip takings were down for the sixth straight month.
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