Tribal Casinos Show Profits Nationwide, Back Bradley Theory

Indian casinos provide an environment similar to the Las Vegas casinos of twenty-five years ago. Gambling is the engine that drives them.

While much of the casino industry suffers from lost business and declining revenues, many Indian casinos continue to turn revenue growth and operate in an overly healthy economic environment. Following reports from other states showing the same pattern, Oklahoma tribal casinos were revealed in a countrywide study to have had double-digit growth and total revenues with regards to $2.5 billion.

The same study reported that eight other states had growth at Indian casinos more than ten percent, and nationwide, while many casinos had negative growth, tribal gambling venues had a five percent growth rate.

Florida Seminole and Miccosukee casinos were stated within the study, Casino City's "Indian Gaming Industry Report" as having just a modest growth of slightly over two percent, however the emergence of blackjack and sophistication III slots on the tribal casinos would certainly cause a revenue spike this year.

These reports are continued confirmation of Online Casino Advisory's Sherman Bradley's theories in regards to the unusually poor returns by casinos within the current economic maelstrom. Bradley has argued that diversification clear of gambling by casino giants has caused the industry to become at risk of downturns and recession, a theory that has gained much popularity since Bradley first voiced it.

Bradley said, 'Indian casinos provide an environment similar to the Las Vegas casinos of twenty-five years ago. Gambling is the engine that drives them, and any shows, events, or satellite businesses are conducted with the one purpose of drawing gambling patrons.

"While Strip casinos may pull in families on the lookout for pooltime and tours, and young hipsters on the lookout for club life, the Indian venues have normally focused on making every decision according to one question: will this increase wagering?

"Another factor, sometimes beyond the control of state-licensed operations, include the power to smoke in most tribal locations. Like 80s-era Vegas, tribal casinos are about gambling, with a couple of fringe benefits thrown in.

"I have said members of the gambling industry is in economic straits because they not are within the gambling business. Tribal casinos have largely stayed within the gambling business, and their growth continues despite the country's economy."

Published on August 21, 2008 by JoshuaMcCarthy

Read More... [Source: Native Indian Gambling News]