Register Groups Members List Search Today's Posts Mark Forums Read

Forum Home - Go Back > General > Native Life Indian Casino's Revenue higher than Las Vegas Casino's Indian Casino's Revenue higher than Las Vegas Casino's

Reply LinkBack Thread Tools Search this Thread Display Modes
Old 06-04-2007, 08:04 PM   #1
Peace n Mutton Grease
 
Nezbah's Avatar
 
User InfoThanks / Tagging InfoGifts / Achievements / AwardsvBActivity Stats
Nezbah has a reputation beyond repute
Nezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond reputeNezbah has a reputation beyond repute
Join Date: Jan 2002
Location: Ober here in NM
Posts: 946
Credits: 511.00
Savings: 1.00
Indian Casino's Revenue higher than Las Vegas Casino's

Found this on Yahoo....... so what do ya'all think? Where is all this $$$$$$$$$$$ going too??? I know some tribes see it but some of us don't.



Indian casinos gross $25 billion in 2006 By ERICA WERNER, Associated Press Writer
53 minutes ago



WASHINGTON - Indian gambling pulled in $25 billion in 2006, 11 percent more than the year before as the industry's explosive growth outpaced Las Vegas.

ADVERTISEMENT

Federal figures announced Monday, compiled from 387 tribal facilities in 28 states, show Indian gambling revenue has nearly doubled in five years.

Indian casinos brought in $12.8 billion from gambling in 2001, $22.5 billion in 2005 and $25.1 billion in 2006, according to the National Indian Gaming Commission.

"The continued growth is eye-opening considering the tribal gaming industry is still relatively young," said commission Chairman Phil Hogen.

In 1988 Congress passed a law creating the legal framework for Indian gambling. The law let Indian tribes, with the consent of a state's governor, run slot machines and other profitable games on their reservations not allowed elsewhere in the state.

There are now 415 Indian gambling facilities nationwide operated by more than 200 tribes. They range from full-blown casinos with slot machines and other Las Vegas-style games to smaller gambling centers offering video poker, bingo or other games short of slots.

The figures released Monday didn't include audit numbers from a couple dozen smaller operations that hadn't yet reported, but Gaming Commission officials said the overall number wasn't expected to change much.

Indian gambling revenue in 2006 was far richer than the $12.62 billion gambling take in Nevada in 2006. But Nevada casinos make a lot of money with restaurants, hotels and other entertainment, so their total 2006 revenue was $24.08 billion. Gambling revenue in Nevada increased 8 percent from 2005 to 2006.

Indian casinos aren't required to report their profits, and most don't disclose that information, so it's not possible to know the tribes' net income. Nevada's major hotel-casinos posted their highest net income ever in fiscal 2006 a combined $2.1 billion.

The new figures come as the National Indian Gaming Commission struggles with how to regulate tribal gambling in the wake of an appeals court decision last fall that said the federal government does not have authority to make rules about the play of Nevada-style games at tribal casinos.

Commission officials hope Congress will act to strengthen their hand, but the Democrats who now control Congress have shown little interest in doing so, and tribes say they can regulate themselves. Hogen said his commission's authority must be reasserted for the industry to continue its growth.

"The public's continued good will is a necessary element to continued growth, which is why the role of the NIGC must be reaffirmed," he said.
__________________
You have crossed my path, You will never be forgotten......


EMAIL ME for GON 2014 Special Hotel, Air, and Car Rates...limited availability. Powwow special rates across the US and Canada. I also offer great vacation, business, and specialty fares to every destination in the world! Email for the rates
[email protected]
Nezbah is offline   Reply With Quote Share with Facebook
Sponsored Links
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

    

Join the online community forum celebrating Native American Culture, Pow Wows, tribes, music, art, and history.

Join PowWows.com Today!

Your Guide to Native American Pow Wows Since 1996

Register For Free

Enjoy the benefits of being a member of PowWows.com!

Join our Native American online community focused on Pow Wow singing, dancing, crafts, Native American music, Native American videos, and more.

Add your Pow Wow to our Calendar

Share your photos and videos

Play games, enter contests, and much more!






New Threads

Pow Wow Calendar Search

 
Month: Year:

Location:
Facebook Profile Images

Videos

Featured Articles

Dance Styles

Crafts

Gallery