Online Casino Transfer: News - Stablility in Tribal Casino Gambling

08/30/2010		Online Casino Style: News Stability in Tribal Casino Gambling
Home History Games News Dictionary		Though the growth of online gambling and internet casinos has got some Indian tribes concerned in the US that their success might underwhelm the exclusive rights that native American groups have to gambling in many places across the nation, one study released this week showed that in spite of fears, the tribal gaming revenues are quite stable, and seem to have recovered in recent months from the dips in business related to the recession. The report was published by the National Indian gaming Commission was said that for the whole of 2009, the profits associated with the land-based institutions run by Indian tribes had stabilized, with some 233 different tribes across the country doing relatively well for the times. Gross gaming revenue came to a surprising $26.5 billion for the year of 2009, hardly a drop at all from the $26.7 billion that was earned in 2008. The numbers are important to note as to how they contrast with the severe losses being logged in by both Las Vegas and especially Atlantic City, as their land-based casinos struggle to compete with online casino action offered by offshore companies. Of all the tribes, those based out of Oklahoma City did the best, noting an increase of 12 percent for their 49 operations, including casinos in both Oklahoma and Texas. Their total revenue came to a very solid $1.5 billion. Growth was also seen in Portland, which saw an increase in gaming revenue of 6 percent, while the Tulsa region marked a surge of 1 percent from last year, up to $1.7 billion for their 64 operations. In Washington DC, the increase was hardly noticeable, summing to only 0.1 percent. The gaming revenue is good not only for the casinos themselves, perhaps giving them the heads start they need as legalization of internet gambling comes closer to reality, but also it supplies much needed money to their respective states, no doubt giving politicians pause as to what gambling may do for their bottom lines. For example, Oklahoma received $33.3 million from the Chickasaw nation, $12.2 million from the Cherokee, and another $22.7 million from the Choctaw.

08/30/2010

Online Casino Style: News
Stability in Tribal Casino Gambling

Though the growth of online gambling and internet casinos has got some Indian tribes concerned in the US that their success might underwhelm the exclusive rights that native American groups have to gambling in many places across the nation, one study released this week showed that in spite of fears, the tribal gaming revenues are quite stable, and seem to have recovered in recent months from the dips in business related to the recession.

The report was published by the National Indian gaming Commission was said that for the whole of 2009, the profits associated with the land-based institutions run by Indian tribes had stabilized, with some 233 different tribes across the country doing relatively well for the times. Gross gaming revenue came to a surprising $26.5 billion for the year of 2009, hardly a drop at all from the $26.7 billion that was earned in 2008. The numbers are important to note as to how they contrast with the severe losses being logged in by both Las Vegas and especially Atlantic City, as their land-based casinos struggle to compete with online casino action offered by offshore companies.

Of all the tribes, those based out of Oklahoma City did the best, noting an increase of 12 percent for their 49 operations, including casinos in both Oklahoma and Texas. Their total revenue came to a very solid $1.5 billion. Growth was also seen in Portland, which saw an increase in gaming revenue of 6 percent, while the Tulsa region marked a surge of 1 percent from last year, up to $1.7 billion for their 64 operations. In Washington DC, the increase was hardly noticeable, summing to only 0.1 percent.

The gaming revenue is good not only for the casinos themselves, perhaps giving them the heads start they need as legalization of internet gambling comes closer to reality, but also it supplies much needed money to their respective states, no doubt giving politicians pause as to what gambling may do for their bottom lines. For example, Oklahoma received $33.3 million from the Chickasaw nation, $12.2 million from the Cherokee, and another $22.7 million from the Choctaw.