Suffering the same trend as West Virginia's other Northern Panhandle track, Wheeling Island Racetrack and Gaming Center has reported a 50 percent drop in third quarter profits.
The Associated Press has the details. As with nearby Mountaineer Casino Resort & Racetrack, the loss is blamed on Pennsylvania's competing slot machine venues.
But as underscored by Mountaineer's tweaked name, that track and Wheeling maintain faith in casino table games coming to the rescue. Both opened poker rooms in October (the quarter ended Sept. 30), with other games to follow.
Yet, their real and potential competitors aren't sitting still.
As the AP also reports, Maryland lawmakers are meeting in special session to consider a $1.7 billion budget deficit reduction package than relies on state-sanctioned gambling. "A proposal to hold a referendum in November 2008 on legalizing slots already has passed the Senate," the article said.
(The House there appears to differ over where to locate proposed slot parlors, according to The Baltimore Sun.)
The Intelligencer of Wheeling also has a story on the local track's quarterly report.
15 November 2007
Table Games Update
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The government addiction to gambling revenue continues to spread. Sooner or later no state will be able to rely on out-of-state gamblers to meet their addiction. We should have gone cold turkey a long time ago. It's only going to be more painful as the addiction gorws over time.
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