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Proposed Mount Airy Casino would add to tourism possibilities, official says

We're never going to have a zoo or a PNC Park, but to have another type of asset on the ground is another reason for someone to come to Beaver County." Officials for Monroe County-based Mount Airy Casino earlier this month announced plans to bring a multimillion-dollar resort and casino to Big Beaver. County officials have said they are excited for the opportunity the development brings to northern Beaver County. While Ishman said he hasn't met with Mount Airy officials yet, he said he sees an opportunity to bring more out-of-town tourists to town to take advantage of what the county has to offer. Most visitors to the county come for a daylong visit, he said, looking for history, culture and food. Adding a casino and the development that could come with it — Ishman referenced the Tanger shopping outlets that came to Washington County after The Meadows expanded from just a racetrack — could help change that. The county is one of the few in the Pittsburgh region that has seen an increase in tourism in the past few years, Ishman said. The county sees, on average, a 7 percent increase on overall tourism income, he said, according to 2015 numbers. Tourism has made just under a $270 million impact to the county, he said, numbers that include food, recreation, transportation and other spending. "Short of agriculture, tourism is the largest economic driver in the state," he said. "We've been a major player in that and have a good thing going here.

For the original version including any supplementary images or video, visit http://www.timesonline.com/news/20180820/proposed-mount-airy-casino-would-add-to-tourism-possibilities-official-says

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Resorts World Catskills: Financial struggles grow for new casino, report shows

A guest rolls the dice on a craps table at the grand Empire Resorts wrote it cannot be "certain that our business will generate sufficient cash flow from operations, that our anticipated earnings from the Casino will be realized, or that future borrowings will be available under our existing debt arrangements." The company added it may need to raise additional capital or take on more debt "to finance our plans for growth and general corporate purposes." Resorts World Catskill Casino holds their grand opening. John Meore/lohud In June, the casino got a $30 million loan from Kien Huat, the realty arm of the Lim family. Empire Resorts is owned primarily by billionaire KT Lim, the chairman of the Malaysia-based Genting, the worldwide gaming giant.  "Our future operating performance and our ability to service our debt will be subject to future economic conditions and to financial, business and other factors, many of which are beyond our control," Empire Resorts wrote to investors, which was first reported by The Times Herald-Record. The financial picture painted in the quarterly report is not surprising. Resorts World Catskills is the largest of the four upstate New York casinos that started opening in 2017, but it has been the worst performing one, the USA Today Network's Albany Bureau reported in June. It's net win per day — which is the money left in its slot machines after payouts to winners — has averaged a mere $103 per machine, which is well below the other New York casinos.

For the original version including any supplementary images or video, visit https://www.lohud.com/story/news/politics/politics-on-the-hudson/2018/08/15/resorts-world-catskills-financial-troubles-grow-new-casino-report-shows/996591002/

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