The debate on whether implementing a nonsmoking policy in casinos affects revenues continues among casino officials, gaming industry analysts and gamblers. Dennis M. Farrell Jr., managing director of gaming, lodging and leisure research at Wells Fargo Securities L.L.C., says smoking regulations affect casino revenues. "Gaming markets that have initiated a full smoking ban have seen gaming revenues decline by at least 15 percent, which in turn has contributed to 20 to 25 percent cash-flow declines at the gaming facilities," Farrell said. "Within the gaming industry, there is a high correlation of gaming and smoking."

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