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                      -- Industry study suggests tighter slot machines hurting revenues

"Research: Slot Revenues Are Hurt By Increasing Takeouts

The Association of Gaming Equipment Manufacturers on Wednesday announced the results of a report by Las Vegas-based Applied Analysis about the nation's slot machine industry. The results will be no surprise to horseplayers:

"While statistical correlations on a state-by-state basis vary due to any number of factors, the broader, aggregate trends would suggest a rising hold percentage has not translated into incremental gaming revenue for operators during the post-recession era," the report concludes. "In fact, they very well may be contributing to its decline."