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By mrjanitor (registered) | Posted December 14, 2012 at 09:53:31
What is not being discussed is the amount of non-gambling revenues a private operator expects from a casino. The Mega casino in Toronto study from E&Y assumes 20% of the predicted $1.4 Billion the project will bring in yearly is non-gambling revenue. Industry average for non-gambling revenue is closer to 25%. That 25% is food and shopping dollars not going to local businesses, just more money staying inside the Casino doors.
I am the love child of Karl Marx and Ayn Rand
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