Tuesday, March 13, 2007

Gambling Saturation

Gambling Saturation

Number of dollars to be gambled = x.

Number of casinos = y.

If number of casinos is increased to y+1, and if x is a fixed constant:

Continuing competition from a newer casinos (sic) in Washington (sic), Iowa, and February’s bitterly cold, icy weather kept attendance at all Quad-Cities riverboat casinos down last month and reduced revenue at two of the three operations when compared to January.

Isle of Capri in Bettendorf, Rhythm City Davenport and Jumer’s Casino Rock Island also showed significant declines in both revenue and attendance last month compared to February 2006, according to monthly reports from Iowa and Illinois gaming regulators.


Tip to State 29.

Last I checked the casino (singular) was in Riverside. Also, locals: I've noted a tendency for natives of Washington, IA to pronounce it "Warshington." Anyone else get that?

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