PORTLAND, Maine (AP) - Maine's newest casino generated more than $65 million in net revenues in its first year of operation.
Maine Gambling Control Board records show that Oxford Casino had about $53 million in revenues - the amount lost by gamblers - from slot machines between June 2012 and May, and another $12 million from table games such as blackjack and roulette.
Oxford's revenue figures topped those of Maine's more-established casino, Hollywood Slots in Bangor, which had $58 million in revenues for the same 12-month period.
Clyde Barrow of the Northeast Gaming Research Project at the University of Massachusetts Dartmouth says Oxford Casino should consider its first year a success. He says the fact that Kentucky-based Churchill Downs Inc. is buying the facility shows that others have taken notice of its showing.
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