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Casino revenues fall

Posted by wlpo on December 26, 2010

The Illinois Casino Gaming Association says that casino revenues have fallen about 32 percent in three years. The Daily Herald reports Sunday that the cities of Aurora and Elgin have seen lower tax revenue over the last few years. Aurora city spokesman Kevin Stahr says the city ended capital improvement projects. Nonprofit groups in Elgin that have funding linked to the local riverboat casino have seen less money. Association executive director Tom Swoik blames about 20 percent of the drop in casino revenue on the statewide smoking ban. The rest he says is because of the economic downturn. Elgin’s $26.8 million in casino proceeds in 2008 fell to $22.15 million the next year.

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