The National Indian Gaming Commission reported this week that America’s tribal video 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 between a tribal operator and a Vegas casino business that offers a flavor of Las Vegas throughout the Nevada edge.
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 fourth-best revenue increase in the usa, growing 4.4 percent to $2.9 billion.
It’s clear Indian casinos in states bordering Nevada are enjoying robust health, but what impact is this having regarding the Silver State’s casino sector? Is tribal gaming a threat 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 extremely likely having an effect that is negative the north Las Vegas sector as well as the Reno and Laughlin markets in specific, forcing those cities to rethink their approach.
Bo Bernhard, executive director of UNLV’s International Gaming Institute, believes that the Laughlin and Reno markets have certainly been adversely affected by competition from Indian video gaming properties, which are now actually matchi (more…)