July revenue from casinos declines
CHARLESTON (AP) — Revenues from the state’s racetrack casinos fell by more than 10 percent in July compared to a year ago.
The Charleston Gazette says revenue from racetrack video lottery totaled $60.84 million, down $7.19 million from July 2011. Table games revenue fell by $610,000 to $6.53 million.
Competition from new casinos in Ohio contributed to the decline. More casinos are scheduled to open in Columbus and Cincinnati later this year.
West Virginia Lottery assistant director John Myers says lottery officials don’t know whether the additional competition will further erode revenues.
Revenue from traditional online and scratch-off games fell from $15.07 million in July 2011 to $14.8 million.
But revenue from limited video lottery rose by 5 percent to $32.9 million.
Bureau of Debt to add hundreds of jobs
PARKERSBURG (AP) — West Virginia officials say the U.S. Treasury Department is adding 450 jobs at the Bureau of Public Debt in Parkersburg.
U.S. Sen. Jay Rockefeller said the announcement Wednesday also includes assurances the current 1,850 jobs will be retained at the bureau. The additional jobs to be added over the next several years include accounting, financial and information technology positions.
Gov. Earl Ray Tomblin and Sen. Joe Manchin welcomed the new jobs, with Tomblin calling it “great news” for Parkersburg and West Virginia.
Rockefeller said he had urged Treasury Secretary Timothy Geithner to keep the jobs in Parkersburg amid talk of a consolidation. He says the Bureau of Public Debt brings an annual infusion of nearly $186 million to the local economy.
The bureau handles customer service, accounting and trust funds.
Marshall grant to benefit several
HUNTINGTON (AP) — Researchers and students will reap the benefits of a $338,845 National Science Foundation grant to a Marshall University scientist.
The grant has been awarded to chemistry assistant professor Derrick Kolling and colleagues at Marshall and the University of Charleston. Kolling will use the funds to purchase an electron paramagnetic resonance spectrometer. The equipment is used in a number of chemical processes and in understanding metal compounds.
But Kolling won’t be hogging the equipment. He says at least five Marshall faculty members in three departments will use it, as well as students. A University of Charleston faculty member will also travel to Huntington to use the equipment.