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Arizona tribal casinos face tougher odds

15 April 2008

ARIZONA -- As reported by the East Valley Tribune: "Arizona casinos are facing tougher odds as they try to avoid losses during the economic downturn.

"Despite steadily growing revenue, the state's 22 Native American-owned casinos, including several in the Valley, are raking in less than expected as the economy slows, according to gambling industry experts.

"Sheila Morago, executive director of the Arizona Indian Gaming Association, said revenue growth has slowed in recent months, although the annual figure for all of 2007 still showed a hefty increase.

"...Arizona tribes do not publicly disclose detailed quarterly reports on their gambling revenue, but other experts agree that growth has slowed.

"...Morago said some of the potential gambling revenue losses in the next quarter may be offset by profits from visitors who stayed at the casino hotels during the Fiesta Bowl in January and the Super Bowl in February..."

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