Report Finds Tribal Casinos Increased Revenue
By STEPHEN SINGER, AP Business Writer
HARTFORD, Conn. (AP) _ A recent report says that even as the economy emerged from the deepest recession in decades, Indian casinos increased revenue.
At commercial casinos, revenue fell slightly in 2011, but tribal-run operations generated 3 percent more in sales, to $27.4 billion over the previous year.
Casino City’s North American Gaming Almanac says commercial casinos still generated more revenue in 2011 than tribal operations, pulling in $37.6 billion.
But sales were essentially flat over 2010, with revenue down a mere $28 million.
Vin Narayanan, the publication’s editor-in-chief, says tribal casinos have successfully developed as resort destinations.
Alan Meister, author of the Indian Gaming Industry Report, says tribal casinos are benefiting from an absence in the same markets of other types of gambling and mature markets with an established following among gamblers.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)