Tribal casinos win $19.4 billion in 04 - Tuesday 12th of July 2005

Indian-owned casinos nationwide won nearly twice as much from gamblers as all of Nevadas casinos last year, according to data released today by the National Indian Gaming Commission.

The nations 367 tribal casinos won $19.4 billion, up 15 percent from 2003. That compares to the roughly $10 billion won by Nevada casinos for the year ended June 30.

Tribal gaming revenue grew 14 percent in 2003 and 15 percent in 2002.

In California, tribal casinos won $5.8 million, up 23 percent from 2003. The California region also includes Northern Nevada, which is negligible.

The commission doesnt report state-specific data because in some states, the figures could reveal too much detail about tribal revenue, figures closely held by tribes, commission spokesman Shawn Pensoneau said.

The data is based on quarterly financial statements sent to the commission by tribes. The statements are required by federal law, which also allows tribes to keep private their financial data.

The figures are comparable to a privately-funded study released last month by Analysis Group Inc. of Los Angeles. The Analysis Group study reported that the nations 405 tribal casinos generated gambling revenue of $19 billion, up 12 percent from 2003.

That compared with a 14 percent growth rate in 2003, leading study author Alan Meister to conclude that the tribal casino business is maturing in some states though still increasing at a faster rate than commercial casinos.

The American Gaming Association, a trade group representing commercial casinos, recently said its industry won $29 billion in 2004.

Other news from around the same time

Casino staff win pay deal - Tuesday 12th of July 2005

Staff at Stanley Casino, which has bases in Blackpool and St Annes, had been holding out for a bette....


Gambling inquiry overdue, study says - Tuesday 12th of July 2005

Ottawa must launch a "long overdue" inquiry into Canadas rapidly expanded gambling industry, given t....


Poker stars bid for WPT expires - Tuesday 12th of July 2005

Poker star Doyle Brunsons $700 million offer to buy WPT Enterprises Inc. has officially expired.Brun....


Trump the star of the show in condo resort groundbreaking - Tuesday 12th of July 2005

Government officials, showgirls and the winner of this years Miss USA pageant were among those who b....


Poker ace goes for broke on stock - Tuesday 12th of July 2005

Poker icon Doyle Brunson has launched a $700 million cash bid for WPT Enterprises Inc., which owns ....


Trump breaks ground on luxury Las Vegas Strip hotel-condo - Tuesday 12th of July 2005

Donald Trump broke ground Tuesday on a luxury hotel-condominium designed to be the tallest residenti....


Unspecified amount of debt with Melbourne casino settled - Tuesday 12th of July 2005

An undisclosed amount of gambling debt owed by Datuk Seri Osu Sukam to a casino in Melbourne has bee....


Pay deal halts casino strike threat - Tuesday 12th of July 2005

AROUND 200 Glasgow casino workers have voted to accept a pay offer, avoiding a strike which could ha....


Top Pros Make Their Move in the WSOP - Tuesday 12th of July 2005

As the field of players was whittled to a few final tables in the World Series of Poker, some of the....


Nevada May casino winnings rise 12.5 percent - Tuesday 12th of July 2005

Las Vegas casinos, including the new Wynn Las Vegas resort, won $1.02 billion from gamblers in May, ....