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Study: California Indian Casinos Will Affect Nevada's Casino Industry3 April 2001RENO, Nevada – April 3, 2001—As reported by the Associated Press: “A new study says Indian casinos in California could cost Nevada millions of dollars in tax revenue and thousands of jobs. ”The study by Applied Economics estimates Nevada could lose $24 million to $43 million a year in revenues and up to 16,000 jobs. ”…To remain competitive in the tourism market, Reno officials are trying to promote the region's skiing and other recreational attractions, renovate its downtown core along the Truckee River and bolster the city's convention facilities. ”…Ferenc Szony, president of the Sands Regency hotel-casino, cautioned the new study is based solely on speculation because no big Indian casino has been built close enough to offer significant competition to Reno. ”…While several big casinos are being built in Southern California at a cost of $80 million to $100 million each, none are under construction between San Francisco and Reno, said Don McGhie, a Reno gambling consultant…” |