The American Indian gambling industry has reported a slowdown last year. Indian gaming revenue grew 11 percent in 2006 to about $25.5 billion, slower than the average annual pace of 15 percent in the past decade, fewer facilities also opened, a report showed.
Gambling operations on native reservations hire more than 320,000 people, led to $80.7 billion in output to the U.S. economy and generated $11.7 billion in taxes according to the Indian Gaming Industry Report. However, industry experts are not fazed the slowing of growth. Although the growth is slower, at least it is still positive, and many feel that the Indian gambling market has not reached its full potential.
The purpose of Indian gaming is to build and sustain a sort of self- sufficient tribal governments. Many say that this goal has been met, even if some tribes benefited from the arrangement more than others. 228 tribes use revenue from gaming in order to support social services such as health care, housing and education. Of these, 34% of the tribes distribute direct payments to tribal members.
Last year’s revenue from gaming was the lowest since the Indian Gaming Regulatory Act was passed in 1988. The total number of gaming casinos was increased by just one in 2006, to 423. Compare this with an increase of ten in 2005.
In addition, there is more competition from non-Indian gambling facilities, and racetracks with slot machines. Twenty of the 28 Indian gaming states had lower growth rates in 2006 compared with the year before, with California the most notable of those.
Still, every Indian Togel Hongkong gaming state reported some growth, except for Louisiana, which saw revenues drop from about $402 million to $395 million. A handful of new facilities are being developed by tribes in Michigan, New York, Washington and Wyoming. Many more tribes have planned or proposed facilities that are awaiting federal recognition or an agreement with their states to allow new or expanded gambling.
Britain gambling review to be publish in September
Gordon Brown announced government plans to produce a review of gambling in Britain to be published in September, as well as breaking with Tony Blair’s previous policy on super casinos by saying that regeneration is an alternative to the establishment of Las Vegas-style casinos.
The announcement was made in response to a question from Andy Reed MP (Labour) who speculated that supercasinos would increase gambling addiction. Following PMQs, a Whitehall source was widely quoted by the British press as saying that plans for regional casinos are now “effectively dead in the water.”
The first super casino was to be built in Manchester, a decision which created some controversy.
Last month the British Casino Association (BCA) lost a high court challenge regarding government plans for seventeen regional casinos. Gordon Brown said today that there was no parliamentary consensus on the issue.
A spokesperson for the British Casino Association said that certainty was needed, and that to date it has been absent. “It is important that this situation is resolved quickly and decisively. The BCA has consistently called for the Government to look again at its policies in relation to the new Regional, Small and Large casinos, and we will be urging Ministers to take this opportunity to amend the Act in a way which meets all of its objectives without needlessly penalising existing businesses,” the spokesperson said.