Thursday, March 3, 2011

Will Indian Casino Declines Lead to More Disenrollments in Indian Country

That lying, thieving Mark Macaro said Pechanga's disenrollments weren't about the money, but then, that's before the total reached over $1.3 MILLION from each Pechanga member from the Manuela Miranda and Hunter families that were terminated from the tribe.   NOW, the second straight year of gaming declines in CA lead to speculation that disenrollments will come back as per capita payment will drop.


SFGATE has the story: After several years of slower growth, the $26.4 billion in tribal casino revenue represents a 1 percent decline - which included a 5.3 percent drop in California in 2009, according to a study released Thursday by Alan Meister, an economist with Nathan Associates in Orange County who has charted the industry for a decade. Revenue declined 3.9 percent in California's card rooms.

Nationwide, commercial casino gambling revenues dropped even further: 8 percent in 2009.

"I don't think the market is saturated (in California), but it is maturing," Meister said. While he foresees the industry rebounding with the economy, he added: "I don't think we'll be seeing double-digit annual increases any time soon."

With $6.9 billion in annual revenue at 66 facilities operated by 60 tribes, California holds 26 percent of the revenue generated by tribal casinos, more than any state. This is the second consecutive year California has seen revenue drop.
Still, California tribes sent $518 million in fees and various payments to state and local governments in 2009, an increase of 5.3 percent over the previous year.      THAT IS less than 8% of revenue.   Not enough to balance our budget as promised with expanded gaming....is it?
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