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Detroit has shed jobs, many residents and an excessive amount of of its car industry. But its casino business is doing very, very well.
The city's unemployment is 29%, but gaming revenue at its three casinos was off only 2% from a year ago this year. Meantime, Atlantic City's gaming revenue has fallen 14%, and the Las Vegas Strip is down 14%.
Detroit casino operators credit their luck to everything from new hotel rooms to the smoking ban in Ontario, just around the river, which has prompted many Canadian gamers emigrate around the Detroit River to gamble.
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