The National Indian Gaming Commission reported this week that America’s tribal gaming operators collectively generated $31.2 billion in gross gaming revenue, a 4.4 percent increase over 2015.
Harrah’s Resorts SoCal is example of a joint-venture from a operator that is tribal a Vegas casino business that supplies a flavor of Vegas over the Nevada border.
The biggest growth, year over year, for tribal gaming nationwide was the Sacramento, California region, with an increase of 6.3 percent to $8.4 billion. Meanwhile, the Phoenix region exhibited fourth-best revenue increase in the US, growing 4.4 percent to $2.9 billion.
It’s clear Indian casinos in states bordering Nevada are enjoying health that is robust but what impact is this having on the Silver State’s casino sector? Is tribal gaming a hazard to Nevada?
Tribes Thinking Big
Well, not really much to Las Vegas, gaming analysts told the Las Vegas Review-Journal this week, but it’s extremely likely having an effect that is negative the north Las Vegas sector and also the Reno and Laughlin markets in specific, forcing those cities to rethink their approach.
Bo Bernhard, executive director of UNLV’s International Gaming Institute, thinks that the Laughlin and Reno markets have certainly been adversely affected by competition from Indian gaming properties, which are actually matching their commercial counterparts outside of Las V (more…)