1166041--3/21/2007--WHEELING_ISLAND_GAMING_INC

related topics
{capital, credit, financial}
{debt, indebtedness, cash}
{cost, regulation, environmental}
{regulation, government, change}
{product, liability, claim}
{condition, economic, financial}
{cost, contract, operation}
{cost, operation, labor}
{personnel, key, retain}
{customer, product, revenue}
{competitive, industry, competition}
{stock, price, operating}
We are dependent on a single gaming site Governmental laws and regulations could have a negative effect on our business If existing gaming regulations are liberalized enabling new competitors to enter our market, our business could be materially adversely affected Recent developments pertaining to gaming in Pennsylvania have had a negative impact on our debt rating. If we are unable to compete successfully with our existing competitors, our business could be materially adversely affected. The competition from gaming machines in adults-only facilities in West Virginia could have an adverse impact on our business Our business may be adversely affected by recession or economic downturn; the seasonal nature of our business could also adversely affect our cash flow Our gaming operations are dependent on our linkage to the West Virginia Lottery Commission s Central System Our pari-mutuel wagering business is not a viable business by itself and requires subsidizing operating profits from other parts of our business We are controlled by a single stockholder We may be subject to material environmental liability as a result of unknown environmental hazards Dependence on key management personnel Potential impact of labor unions Potential impact of labor union pension fund deficit Availability of competitive slot product Covenant restrictions under our revolving credit facility and the Indenture may limit our ability to operate our business Servicing our debt will require a significant amount of cash, and our ability to generate sufficient cash depends on many factors, some of which are beyond our control.

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