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Don’t bet against Native American casinos
Despite adverse economic conditions, North American native casinos are plunging ahead though some developments placed on hold are hedging their bets with smaller scale versions.
Native American casinos have held up especially well during the downturn.
“Indian gaming did better in 2008 than other gaming sectors. Last year was a difficult year…but prospects for the future are still positive,” said Alan Meister, an economist and author of books on the subject.
Two casino hotels are set to open this year in California, which is the country’s top native American casino revenue producer.
A casino hotel opened late last year in Washington and new large-scale casino resorts are also planned for Arizona.
California’s casino industry is a decade old.
“Posing competition for northern Nevada’s casinos, the Sacramento area continues to be a development hot spot,” reported MeetingsWEST.
Original plans for another casino, the Thunder Valley Casino in Lincoln, Calif., called for a $1 billion hotel and performing arts center. The United Auburn Indian Community put the project on hold in 2008 but resumed a smaller version last year.
By David Wilkening
David
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