An editorial from The Intelligencer/Wheeling News-Register
But like virtually all businesses, the environment has changed since the racetrack and casino opened. And like virtually all businesses, Mountaineer needs to adapt.
Competitors in Pennsylvania and Ohio already have lured some gamblers away from Mountaineer. Revenue at the casino and track was down $22 million last year, in comparison with 2012, according to a state Lottery Commission audit.
Still, an accounting firm hired by the commission found Mountaineer, along with Wheeling Island Hotel, Casino and Racetrack and the state’s two other big gambling venues, is in “solid financial condition.”
But existing competition and a new racetrack scheduled to open near Youngstown, Ohio later this year mean Mountaineer needs to reduce expenses…