Tag: Tribal gaming revenue
Oklahoma Governor Wants More from Tribal Gaming Revenue
Leaders with Oklahoma’s powerful Native American gaming are voicing frustration with the state’s Republican governor. He caught them off guard recently with plans to force a renegotiation for a bigger piece of the billions of dollars Tribal gaming revenue. A Cherokee Nation citizen himself, Gov. Kevin Stitt suggested in an editorial Monday in the Tulsa World the compacts between the state and the tribes should be reevaluated since the industry has matured. Under the deal, tribes are given the exclusive right to operate more than 120 casinos across Oklahoma. They paid nearly $139 million to the state last year on…
Tribal Gaming Revenue Could Harm Online Poker
An increase of Tribal Gaming revenue in the U.S. showed an increase in 2012, which may not be good news for online poker legislative efforts in several states. A recent report released by the National Indian Gaming Commission reveals that revenue generated last year by land-based tribal gaming operations reached an all-time high of $27.9 billion. That statistic marks three straight years of growth for tribal concerns following a decline brought on by a slumping economy in 2008. While an increase in gross gaming revenues would normally be a reason for rejoicing, those hoping to see online poker and gambling…
Record revenues for US Indian gaming industry
From iGaming Business – Tracie Stevens, chairwoman of the National Indian Gaming Commission in the United States, has revealed that the Indian gaming industry generated record total turnover of $27.9bn (€21.1bn) in 2012. The figures represent the third consecutive year of growth for the industry. “In 2012, the Indian gaming industry saw its largest gross gaming revenues ever,” Stevens said. “For those who judge casino spending as an indicator of increased discretionary spending and economic recovery, 2012 revenues certainly display economic encouragement.” The gross gaming revenues of $27.9bn represented a 2.7% increase on $27.2bn in 2011. The organisation’s associate commissioner,…