Tuesday, January 18, 2011

Gambling industry picks up

As the economy overall picks up, Iowa's gambling industry makes headway too. Statewide casino revenues dropped for the first time since 1993 during the recession. Twelve of Iowa's 17 state-regulated casinos had higher revenues for the past six months than during the same July-December period in 2009. Statewide, casino revenues were up by a little less than 1 percent for the last six months compared with a year earlier, according to the Iowa Racing and Gaming Commission. It's not a full recovery yet, but officials say at least they've hit bottom and are on the way back up.

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