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2024-05-19 15:21:41
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According to a report from The News-Gazette newspaper, this is the determination of the Commission on Government Forecasting and Accountability (CoGFA) with the biggest comparative decrease in combined receipts at 30% witnessed by the Midwestern state’s collection of ten riverboat casinos. The organization purportedly pronounced that this wane was prefaced by six years in which this lottery’s total receipts grew by only 4.Reportedly read a statement from CoGFA…“This decline is in large part due to the suspension of video gaming and casino operations between March 16 and June 30, which thereby prevented any revenues from being generated from these sources during this time period....
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4% year-on-year largely due to the impact of the coronavirus pandemic.”Immediate intrusion:The News-Gazette reported that CoGFA’s examination moreover determined that tax revenues from sportsbetting in Illinois were virtually non-existent for the period covered due to the fact that the activity was legalized only a few months before the pandemic shut down or delayed a host of major sporting tournaments.Enduring experience:Even before the emergence of coronavirus and the investigation from CoGFA reportedly detailed that the casino industry in Illinois had been in decline with aggregated adjusted gross receipts having dropped by 42....
The October 2, 2020 opening an extension of the license of its Turfway Park in Florence.Reportedly read a statement from CoGFA…“This decline is in large part due to the suspension of video gaming and casino operations between March 16 and June 30, which thereby prevented any revenues from being generated from these sources during this time period.4 million Newport Racing & Gaming property in Northern Kentucky....
