April 12, 2007
ARE THEY CLOSING IN ON THE NUMBERS POSTED BY NON TRIBAL GAMING IN THE U.S.
Analysis of:
NATIVE AMERICAN CASINO GAMBLING | www.casinogamblingweb.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: The figures quoted in the attached article state that Native American Gaming has reached a figure of about $23 billion dollars. I have the feeling that if a new survey was taken it would show much closer to $30 billion. Not bad for area's that prior to the inclusion of this form of gaming had little interest in allowing gambling to happen in their States. So much for the Nay Sayers.
It's an excellent fit for those forward looking States that are interested in more revenue. There is revenue you know - may not be called taxes in some places, but close enough to make the State Treasuries sit up and take notice.
Analysis: What is Native American gaming doing to have the Tribes all over America looking to get started in the gaming business? Simple, they are making a success out of your gaming dollars. They are doing it to a level that the Governor of California has wanted to open the state up for more and more gaming. He has his sights set on more profit sharing between the State of California and the Tribal Governing bodies. It's not hard to see how the dollar numbers are reaching parity with other gaming in the U.S. - the first and foremost reason is that they have a solid monopoly on all gaming other than some states that have been gaming friendly for years - the two that come to mind are Nevada and New Jersey. If gaming was opened like it is in the two above mentioned states there would certainly be the same old disparity that had always existed between Tribal Gaming and old line gaming. Here are the facts and they are easy to comprehend, if your the only game in town you will certainly get all the betting dollars. Not hard to figure!
If and when the states that now give Native Americans an exclusive on gaming open their door to investment by other gaming houses - look out, their coffers may be overflowing with legit tax money. Is there a state out there that does not need more money to run their schools, police, hospitals and roads, just to mention a few needs?
This entire story has a friendly tone to it as I am really in favor of Native American Gaming - I am not not in favor of them having a monopoly that is everlasting - I don't think that any other established business has the right to monopolize their industry - I can see a moratorium on other gaming an area for a number of years - it's then time for all to have the same privileges - 5 years or 7 years would be enough time for any industry to get a foothold - the competition would be excellent for all concerned.
Gaming is either a very legitimate business - good for all - or maybe not good for any. Take my advice, gaming is good for all and it is time to start letting independent companies open new properties without the need for partnering with Tribal entities trying to keep a lid on their monopoly................
It's an excellent fit for those forward looking States that are interested in more revenue. There is revenue you know - may not be called taxes in some places, but close enough to make the State Treasuries sit up and take notice.
Analysis: What is Native American gaming doing to have the Tribes all over America looking to get started in the gaming business? Simple, they are making a success out of your gaming dollars. They are doing it to a level that the Governor of California has wanted to open the state up for more and more gaming. He has his sights set on more profit sharing between the State of California and the Tribal Governing bodies. It's not hard to see how the dollar numbers are reaching parity with other gaming in the U.S. - the first and foremost reason is that they have a solid monopoly on all gaming other than some states that have been gaming friendly for years - the two that come to mind are Nevada and New Jersey. If gaming was opened like it is in the two above mentioned states there would certainly be the same old disparity that had always existed between Tribal Gaming and old line gaming. Here are the facts and they are easy to comprehend, if your the only game in town you will certainly get all the betting dollars. Not hard to figure!
If and when the states that now give Native Americans an exclusive on gaming open their door to investment by other gaming houses - look out, their coffers may be overflowing with legit tax money. Is there a state out there that does not need more money to run their schools, police, hospitals and roads, just to mention a few needs?
This entire story has a friendly tone to it as I am really in favor of Native American Gaming - I am not not in favor of them having a monopoly that is everlasting - I don't think that any other established business has the right to monopolize their industry - I can see a moratorium on other gaming an area for a number of years - it's then time for all to have the same privileges - 5 years or 7 years would be enough time for any industry to get a foothold - the competition would be excellent for all concerned.
Gaming is either a very legitimate business - good for all - or maybe not good for any. Take my advice, gaming is good for all and it is time to start letting independent companies open new properties without the need for partnering with Tribal entities trying to keep a lid on their monopoly................
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