New Ohio casinos will hit nearby resorts-Moody's

Nov 4th, 2009 - Reuters

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NEW YORK, Nov 4 (Reuters) - Four new casinos Ohio votersapproved could drain profits from similar resorts in nearbystates and hit the U.S. market as gaming demand continues todecline, a credit agency said on Wednesday.

Ohio voters had previously rejected legalizing casinos butthe state's sagging economy appeared to have helped supporterswin over naysayers in Tuesday's vote. For details, please see:[ID:nN044702].

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