Daily business briefing: Casinos reporting large losses

July 11, 2013 

BND

Casinos in the St. Louis area are reporting large losses over the previous year.

According to the St. Louis Business Journal, the Casino Queen in East St. Louis reported a revenue decline of 8.4 percent to $10.4 million in June compared to June 2012. Argosy Alton recorded the largest percentage revenue decline of the area over the past 12 months, with a 27.3 percent drop to $4.4 million last month. Read more at http:/www.bizjournals.com/st.louis. ...

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St. Louis area exports have reached a record high.

The latest data from the U.S. Department of Commerce's International Trade Administration has announced merchandise exports from the St. Louis metropolitan area totaled a record $14.6 billion, an increase of 19 percent or $2.3 billion from 2011 to 2012. Exports from the St. Louis metropolitan included chemicals, mining, transportation equipment, processed foods, and agricultural products. China, Canada, Mexico, Singapore, and South Korea were the leading destinations for St. Louis exports. To find out more, go to http://www.trade.gov/mas/ian/metroreport/index.asp. ...

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U.S. unemployment benefit applications were up 16,000 last week to a seasonally adjusted 360,000. However, this level remains consistent with steady hiring, the Labor Department said Thursday. Find out more at http://www.bnd.com/business. ...

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Investing in a new front door to your home is the single best home-improvement project that will pay for itself when you sell the house. The Baltimore Sun reports that Remodeling magazine's annual survey finds that replacing your door costs an average of $1,137 and has a resale value of $978. Learn more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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