SHREVEPORT GAMING AFFECTED BY TEXAS SLUMP

July 09, 2001 9:22 PM
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A slumping economy in Texas, specifically the Dallas area, will have a negative impact on gaming in the Shreveport, Louisiana area, according to CIBC World Markets.

As a result CIBC has revised downward its estimates for the second quarter and fiscal year 2001, as well as 2002. EBITDA for the three time frames have been revised as follows: $14.4 million, $73.4 million and $108.1 million, respectively.