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To: shades who wrote (65861)7/11/2006 6:49:28 PM
From: shades  Read Replies (1) | Respond to of 110194
 
US Indian Casinos Post Record $22.6B Revenues In 2005

(yeehaw! My mexican neighbor loves his indian casino)

WASHINGTON (AP)--Tribal casinos pulled in $22.6 billion in gambling revenue last year, double the take of Nevada gambling, as Indian casinos recorded another record year, the industry trade group reported Tuesday.

The revenue was a 15% increase from the $19.6 billion Indian gambling reaped in 2004, according to the National Indian Gaming Association. Tribal gambling has recorded double-digit growth almost every year since Congress created the legal framework for it in 1988. There are now more than 400 Indian casinos nationwide.

"Indian gaming is continuing to create much needed jobs and opportunity," said Ernest L. Stevens Jr., chairman of the National Indian Gaming Association.

Nevada casinos brought in $11.6 billion from gambling in 2005, according to the Nevada Gaming Control Board. Unlike Indian casinos, though, Nevada casinos rely on other entertainment like hotels, restaurants and shows for about half their revenue, pushing their total take for 2005 past $20 billion.

Indian casinos took in about $2.7 billion last year from non-gambling entertainment.

On the Net:

National Indian Gaming Association: indiangaming.org

Nevada Gaming Control Board: gaming.nv.gov


(END) Dow Jones Newswires

July 11, 2006 17:07 ET (21:07 GMT)