One of the big 4 tribes, Pechanga says that by adding 5,000 more slots, that it will help generate $9 billion for the state. As we have said, that is pie in the sky.
Here a comment from a well placed Las Vegas gambling executive:
Turk, a former co-owner of Fitzgerald's casino in downtown Las Vegas, brought in partner Anchor Gaming of Las Vegas to manage the casino. Before consummating its $1.4 billion merger with slot giant International Game Technology last year, Anchor announced it would sell its majority stake in Pala's management company to Turk.
The Pala tribe -- a member of the 21-tribe coalition -- will also likely expand its 2,000-slot maximum if Gov. Davis' revenue-sharing proposal makes economic sense, Turk said.
Adding slots ultimately dilutes the profits produced by existing machines, he said.
And because machines are replaced so often, it's also difficult to identify which are new machines and therefore subject to the state's potential revenue-sharing plan, he said.
OP: Just because you add more slots, it doesn't mean those slots will produce the same as the existing machines. How many of the new machines will lie fallow for many hours a day/week?
Check out the links to the right, there's lots to learn