Revenue plunged at Arizona’s 22 Indian casinos during the fourth quarter, as the worsening recession kept gamblers away from the tribes’ gaming tables and slot machines.
Based on fees paid to the state, the casinos’ combined revenue was down 16 percent, marking the biggest quarterly drop since Arizona Indian gaming was legalized in 1993.
“People are saving their money,” said Sheila Morago, executive director of the Arizona Indian Gaming Association.
The casinos don’t break out revenue figures on a quarterly basis.
I guess the Sierra Club will have to make up the difference if WMA, Navajo, and Hopi gaming revenue falls… Actually, only the WMA tribe has casinos if I remember right.
I was reading a book the other day The Millionaire Mind and it talked about gambling and how almost all of the successful millionaires surveyed for the book did not gamble. Indian Casinos are especially problematic in my mind because they don’t face nearly the regulation that Vegas and other casinos do.
I won’t rant too much about it, but I took notice of the situation when the WMA tribe started using casino money to fight Snowbowl’s snowmaking. It is their right to do, even though I disagree with their legal footing. The WMA tribe fundamentally bothers me that they run casinos and a ski resort and use the the funds from these businesses to fight Snowbowl on religious freedom grounds.