Ontario casinos see a drop in profit - 2004-02-05
Lady luck is not smiling on Ontario's gambling business as she once did, Economic Development and Trade Minister Joe Cordiano says.
"We may have reached a point of saturation," the minister in charge of the Ontario Lottery and Gaming Corp. reported yesterday.
Revenue at Ontario's border casinos in Windsor and Niagara Falls are off $160 million, and racetrack slot machines are generating less money. However, Casino Rama, near Orillia, is bucking the fad so far this fiscal year and is up slightly.
Read the full story at Toronto Star Online