Navin, John C.; Sullivan, Timothy S. - In: Economic Development Quarterly 21 (2007) 1, pp. 49-59
Using monthly data covering 1991 to 2003 for the five casinos located in the St. Louis, Missouri, metropolitan area, the authors examine how the return to gaming, as measured by the payout rate on electronic gaming devices, changes as new firms enter the market. The clear timing of the new...