Byline: Amy Driscoll
Oct. 10--A 60 percent tax bite and growing competition are hampering Broward County's "racinos," racetracks that offer Las Vegas-style slot machines that so far have generated disappointing profits, an industry analyst said Tuesday.
"With a heavy gaming tax and a lot of competition, it's a big hole to dig out from," said Bill Lerner, managing director and senior gaming analyst at Deutsche Bank. "The tracks are hamstrung."
Lerner made his assessment during an industry-backed conference, the Florida Gaming Summit, held at the Hard Rock Hotel & Casino near Hollywood to analyze the state's changing gambling landscape.
Slots are spinning at ...