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 simply exemplory instance of a joint-venture from a tribal operator and a Vegas casino company that supplies a flavor of Las Vegas across the Nevada border.
The biggest development, year over 12 months, 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 revenue that is fourth-best 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 in the Silver State’s casino sector? Is tribal gaming a danger to Nevada?
Tribes Thinking Big
Well, not so much to Las Vegas, gaming analysts told the Las Vegas Review-Journal this week, but it is very likely having a negative impact on the north Las Vegas sector as well as the Reno and Laughlin areas in particular, forcing those cities to rethink their approach.
Bo Bernhard, executive manager of UNLV’s International Gaming Institute, thinks that the Laughlin and Reno markets have certainly been adversely affected by competition from Indian video gaming properties, which are actually matching their commercial counterpar (more…)