|TRIBAL GAMING REVENUES SURPASS NEVADA TOTAL IN '00
Fri, 23 Feb 2001
By JEFF SIMPSON
lasvegas.com GAMING WIRE
The Nevada casino industry last year lost its position
as the top
revenue producing gaming market in the country when its $9.6
in winnings were surpassed by the $9.9 billion won by U.S. tribal
That trend is expected to continue this year, as the U.S.
market surpasses Nevada's projected 2001 casino win figure, according
to projections released Friday by the investment banking firm of
Riverboat gaming revenue is projected to grow by
6 percent this
year, reaching $9.9 billion, while Nevada casino winnings are
expected to increase 2 percent to $9.8 billion.
Merrill Lynch estimates that tribal casino revenues will
grow by 29
percent this year to $12.2 billion.
Merrill Lynch financial analyst David Anders emphasized
report's tribal gaming numbers are estimates, and are not as accurate
as the revenue numbers reported by individual states.
"The (gaming) pie is getting bigger, and it's obvious financing
build new and bigger casinos) is becoming available in markets with
virtual monopolies and limited competition," Nevada Gaming Control
Board Chairman Dennis Neilander said of the trend.
If the tribal and riverboat figures are divided into geographic
markets scattered about the United States, Nevada's total far
outdistances the other jurisdictions.
Las Vegas Strip casinos won $4.9 billion and Atlantic City casinos
earned $4.3 billion last year, while Mississippi with $2.7 billion
casino winnings generated the largest revenues of all riverboat
"What Nevada has to offer is a different experience than
other markets," Neilander said Friday.
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