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Tribal casinos faring very well in recent years

tribal casinos faring very well in recent years

With 459 casino operator across America, the Indian gaming industry is consistently seeing a growth in revenue streams. According to the 2014 data released by the National Indian Gaming Commission based in Washington D.C., the casinos have raked in a record $28.5 billion in earnings for the fiscal year.

Aside from the global recession that hit between 2008 and 2009, the gaming industry has shown a steady increase over the past ten years. Compared to the 2013 GGR, gross gaming revenue, of $28 billion, 2014s $28.5 billion represent an increase of 1.5%, not unnoticeable.

Of the casino operators to report income streams 68% of them have been seeing a steady but moderate growth while ten new operations were added to the list in 2014. “Overall, the Indian gaming industry remains stable. Stability comes from solid operations, strong tribal management, and effective regulation by the Indian gaming’s regulatory community, which includes the NIGC and more than 5,400 tribal regulators”, Commission Chairman Jonodev Chaundhuri stated for the press.

He goes on saying that “The Indian gaming industry is driven by the demographics of each area. Many tribal gaming operations are in rural parts of the country where jobs are greatly needed for both natives and non-natives alike,“ and that “tribal gaming revenue - unlike commercial gaming - is heavily regulated, purposed specifically to support Tribal governmental services, to benefit Indian Nations.”

With the steady year-by-year increase in tribal casino revenues the operators are starting to add hotel facilities and more hotel rooms to accommodate the influx of visitors to their establishments.

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