CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
 

Report: California Tribal Casinos Generated $4.2 Billion

20 July 2004

NORTH COUNTY, California – As reported by the North County Times: " At about 21 stories tall, Harrah's Rincon Casino and Resort's new hotel addition towers over virtually all other North County structures.

"…Such projects fueled California's Indian gambling revenues in 2003, according to an Indian Gaming Industry Report released recently by a private consulting firm. The state's gambling tribes generated $4.2 billion in revenue last year, 17.6 percent more than in 2002, according to the report.

"'The growth has been going at a strong, steady pace,' said Alan Meister, an economist with the Los Angeles-based Analysis Group and the writer of the report.

"…The state's Indian casino increase in revenue mirrored a nationwide growth of $1.7 billion last year for a total of $16.2 billion. It grew much faster than the 1.4 percent reported by commercial gambling operations, which include those in Nevada and New Jersey.

"Meister said he culled information from both public and industry insider sources to arrive at the estimates, because individual Indian casinos do not make their revenues public.

"…Meister said California's Indian gambling tribes are following a familiar formula for success by creating facilities that include amenities, such as spas and entertainment venues that are popular in Las Vegas…"

< Gaming News