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For example, since Apollo Capital Administration, a private equity agency co-based by Philadelphia 76ers and New Jersey Devils owner Joshua Harris, owns lower than 10 p.c of Caesars Leisure, its Atlantic City on line casino properties have been authorized to open sportsbooks.
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Despite their rising reputation and a rise in total gambling proceeds in recent times, casino operators want to win back extra of the cash their customers are now spending elsewhere - on food, lodging and different entertainment, or at Indian casinos or for online gambling.
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