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The response from the gambling industry though not entirely uniform has been to protest at the shop closures, job losses and financial pain that will result. William Hill has said 900 of its stores would become unprofitable immediately, as more than two-thirds of its net revenue from gaming machines came from bets above the 2 pound limit. It said annualized adjusted operating profit blackjack would fall by an estimated 70 to 100 million pounds, after closures and cuts. But its hard to get that worked up about the corporate impact. Shares of GVC, William Hill and Paddy Power Betfair rose by 2 to 4 percent on Thursday.
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The option was made available by the wide-ranging gaming bill passed late last year, but has not been taken advantage of by Lady Luck. Valley Forge, on the other hand, has seen its revenue bolstered since making the investment. From the time the policy went into effect last November, the property has reaped nearly $11 million more than it did during the same timeframe last year, an 11.27% gain. Valley Forge revenue was up 6.93% in August, to $10,683,577. The casino plans to take even more advantage of the new expanded gambling laws, recently announcing it would add an additional 250 slot machines to its facility (for a fee of $2.5 million). Whats more, Boyd Gaming, which recently finalized its purchase of the property, announced this week that in addition to opening an online casino, it would be exploring plans to purchase a sports betting license. The gaming giant already has a partnership deal in place with DFS-behemoth FanDuel, which has been busy inking sportsbook deals throughout the U.S. Apart from Lady Luck and the Meadows, Mohegan Sun , Presque Isle , Mount Airy , Valley Forge and Sands Bethlehem all performed poorly at the tables in August, failing to beat their 2017 totals. On the flipside, there were five casinos that did beat their previous-year table game figures.
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