Indian Gaming Now

Revenue; Recession; NIGC

More on NIGC 2009 Revenue Report

Jun 16 2010
The NIGC's annual report of tribal gaming revenue indicated that the industry held steady in 2009 with $26.5 billion in revenue, down only slightly from $26.7 billion in 2008.  The report also indicates that some other features of the industry have held relatively constant.  The top revenue earners continue to dominate industry profits, with 5% of operations earning nearly 40% of total industry revenue.  These are the heavy hitters, with revenues exceeding $250 million annually.  On the other end of what we call the spectrum of success are the operations with modest-at-best profits: 55% of operations earn only 7% of the industry's total revenue.  These are casinos earning less than $25 million each year, often just enough to keep the doors open, provide jobs, and g

NIGC Says 2009 Revenue "Stable"

Jun 15 2010
The NIGC reports that Indian gaming revenue remained stable in 2009, with tribal gaming operations earning $26.5 billion as compared to $26.7 billion in 2008.  More than half of tribal gaming operations reported decreased earnings, while just under 40% reported an increase in earnings.  About 50% of the decreased earnings were single-digit decreases -- decreases of less than 10%.  Of the casinos reporting increased earnings, 15% of those said the increased were greater than 50% over the prior year.  Those increases are due to new casinos showing the first full year of revenue impact in 2009 or casino expansions.