• Posts Tagged ‘Indian’

    The Problem with Tribally-Owned Casinos

    Saturday, January 15th, 2011

    For a long time now Indian tribes in California have been utilizing slots to maintain their infrastructures. Tribal leaders sorted out agreements with state legislators and are permitted to direct slots parlors as long as they give a fraction of the finances to the state. As a rule, states request anywhere from 11 to 17% of the money generated from gambling companies and use the funds to increase their own finances and close down the huge deficits they are trying to pay down right now. Tribes all over the nation have worked out similar agreements and have for years had success using the pastime to assemble their infrastructure up. It has been a time-tested way of them to direct and bring in their own methods of supervision. There are changes in the industry thought that are coming against the tribally-owned gaming centers and creating difficulties that they now have to manage.

    Right now the world of slots is expanding speedily. More and more slots software companies and parlor owners are realizing just how profitable the slots are and are trying to enter the market with their own products. This is creating a great gaming world for slots players, affording them the more potential than ever. On the other hand, tribal leaders are not as content with the changes. California is letting more gaming facilities in and slots are growing. Tribal leaders are concerned that if the state lets too many slots gaming in, their own revenue will be considerably compromised. If players have three-times as many gaming options for their play, then tribal leaders are going to see drastic falls in their own revenue streams. Plus, gambling companies have the money to expand and absorb the change. They can put billions of investment dollars into developing their own slots parlors and easily carry on themselves during the development. Tribal leaders can’t always do the same. Indian-owned casinos are maintaining themselves with gambling and depending on the dollars not only to work on their business, but to pay for their own bills. They are worried that the alteration of the market is going to put them at a serious weakness.

    Tribally-owned Slots Parlors Suffering due to Growth

    Thursday, January 13th, 2011

    Tribally owned casinos are having a particularly difficult time rallying in today’s market. Though they are fighting hard, there is a lot of competition out there for them to overcome. Consider the amount of gaming casinos being built right now. One by one states are taking on their own gambling initiatives and using slots gaming as a way to keep on building themselves up. It is no secret that slots gaming is huge business. The market of gambling as a whole is a $3-billion dollar one and that is going to more than double over the next four years. That means that casinos are ready for huge growth rates and an increase in gambling altogether. They know that the competition is going to get a lot fiercer than it is right now…and that is saying a lot. Today’s market already is cut-throat and one gaming company after another is trying to win customers proactively. They are creating bonuses and promotions that are some of the best that have ever been created. Plus software companies have already made huge strides in the market and are showing no signs of slowing down.

    So where does that leave tribally-owned slots parlors and casinos? They are in a difficult position. They have to fight all the competition that is out there and try to make some sense out of it. Part of their problem though is that to them their casinos aren’t just business. For a lot of tribes, their casino and slots parlors are the way they keep running their reservations. This is their only mean of income and it is what they rely on for food, sustenance, bills, utilities, growth and infrastructure. This is why they are having such a hard time with competition from other land based casinos. Add to that the huge growth in online gambling and it is no wonder why tribally owned casinos are so stressed right now. They know that without a good plan of attack, they are going to have a difficult time keeping up with other big-business casinos and slots parlors that enter their markets, whether online or land based. They are going to have to find new ways of marketing themselves to keep up.

    Will Navajo Nation Save Las Vegas Slots Market

    Thursday, January 13th, 2011

    Nevada legislators are in trouble and have been for a few months now. Since the recession the state has been suffering particularly hard and now it is trying to find ways of making its way out of its financial problems. For one, the state had no secondary market to fall back on when people stopped gambling. The state has long been building much of its infrastructure on gambling and when people could no longer do it, it caused a drastic decline in the state’s revenue stream. They had no supplement. It has left them in a difficult financial position. On top of that, the state also is having problem with tourism. The recession cut back on people’s discretionary funds and that is making it twice as hard for them to keep bringing people in. Consumers don’t have the funds to take vacations and are cutting back on them drastically. This too is adding to the problems that Las Vegas and the entire state of Nevada are experiencing.

    So what is the state to do? The state is trying to put that much more into reviving its market. Right now legislators approved an additional slots parlor to be built by the Navajo Reservation. They are going to build the $120-million facility and market it as one of the biggest slots parlors in the state. Legislators are hoping that it will bring gamers in. They get a huge portion of their own revenue from taxation of new casinos. Plus they get a portion of the overall returns those casinos bring in. this is a great way for legislators to keep building on wagering and making that much more cash returns. Whether or not this casino is the answer to the Nevada problem though has yet to be seen. Will it be the one thing that is needed to turn around their market? Will it be the one thing that can make sense for them? So far the plans are to have the new slots parlor erected by later this year and the opening should be a huge event. They are hoping this is the answer to bringing in the millions of dollars needed by the state to turn their market around for the good.

    AZ Welcomes New Slots Parlor

    Thursday, January 13th, 2011

    For years now Indian-owned slots parlors have flourished in the market. They work out deals with the government that allows them to operate and contribute part of their overall slots gaming and gambling game revenue to the state in exchange. It is a time-tested affiliation that has brought in billions of dollars to legislators’ tables. Now a new tribe is looking to get in on the market and it could put Las Vegas at a loss. The Navajo Nation just signed official documents with the state’s legislators to use over 400-acres of land as the plot for their new slots parlor. Their Bureau of Indian Affairs finalized paperwork with the state to take on the endeavor. Their job now is to work out the logistics, but part of that is already done. They have a $120-million facility ready for construction. It will be labeled the Twin Arrows casino and it is the tribe’s fourth casino to be built in the US, but the first one in the state of Arizona. It will include a full casino floor with slots and other table games, a hotel and a golfing green.

    This is a great move for the tribal leaders. They know how lucrative slots parlors are and they know how good a market there is in the state of Nevada. Residents there are adept at gaming and managing how to use gaming to their benefit for fun. They know how to make it one of the most fun activities they have, without going overboard. This is a prime location for the casino too. It is on Interstate 40 and will provide a way for the tribe to for the first time have water and electricity hookups. Overall this is a great move for all involved. The state is going to benefit from more tax revenue dollars and hopefully with the grand opening of Twin Arrows Casino they are going to have a shot of money immediately welcome them. So far the facility is set to start construction mid-2011 and should be done by the end of the year. An opening date is not yet set in stone, but expect it to be shortly after construction is completed.

    Seminole Tribe in FL Gets Approval for more Slots

    Wednesday, January 12th, 2011

    Florida is another state that is working with slots gaming. Legislators have been debating the issue out in past months and there are changes coming about as a result. It is no secret that slots gaming is highly lucrative for any jurisdiction. Cities that bring the games reap the benefits via tax revenue dollars. An increase in slots gaming is already on the table and a signed deal. The Seminole tribe was allowed to increase their own gambling activity and that included bulking up their slot machines at their seven different state locations. The tribal leaders are hoping that the addition of slots will help to increase their own revenues. They have been suffering since the recession and having problems with facing their own financial obligations. It has been hard for them to keep income coming in and they are struggling to keep financially afloat. The increase in slots could bring them the dollars needed to turn themselves around.

    Governor Rick Scott has made a change on his gambling stance too. Formerly he was vocal about not wanting an increase in slots gaming. He maintained that the number of slots in the state were already enough and were bringing in adequate income to change the market. Now he’s changing his mind though. The Governor stated that he is willing to adapt to market changes and is ready to increase games as needed. He knows and acknowledges how lucrative the games are. In Florida, gambling expansion is something that all legislators are pushing for. They believe that it is the only thing that will truly turn the market around. The expansion efforts by legislators is going to make a lot of changes. Namely gambling facilities now will have the approval to offer no-limit poker tables and offer bigger numbers of slots games to the public. They also cut the tax rate for existing gaming facilities and expanded the hours of operations thanks to the new gambling laws instilled. The bill to expand further is still on the table and the heavily republican conservative state most likely is going to fight hard to keep gaming changes out. Only time will tell if it goes through or is left for future debate once again.

    Tribally-Owned Slots Parlors Facing Tough Competition

    Saturday, January 8th, 2011

    One thing that the changes in gambling are affecting is how Indian-owned casinos are operating. For a long time now Indian-owned casinos have had a hard time keeping their numbers up. In a lot of ways they are suffering the same fate as Atlantic City and Las Vegas. Both cities built their entire economies on the market of gambling. When that fell during the 2008/2009 recession, it was hard for them to maintain their budgets. They had no secondary market to fall back on. It has happened a lot in the market—just look at the entire city of Detroit. It too was hit due to its single-industry economy. It was built on automobile manufacturing and when that fell, it was too hard for the city to maintain itself. It had no other economy to take advantage of and wait out the financial storm. Tribally-owned casinos are seeing the same issue. They are mostly built on gambling and slots gaming. With the loss of that market, they are having big problems with surviving financially. They have nothing else to replace the huge dollars they were bringing in thanks to gaming.

    One of the other problems tribally-owned casinos are coming up with is competition. Now that there are other slots parlors being built in the US market, it is making them even more obsolete. Legislators are giving the approval for other companies to start their own development plans. Many of the tribal leaders don’t have exclusivity contracts with the governments – just the approval to run them. This is causing a market surge in slots gaming, but tribes are losing customers because they are no longer the only ones offering the games. Add to the problem the rise in internet gaming and the tribal leaders are in an uproar, not knowing what to do to save their markets. Many are trying to work with the states they are in to find solutions, but the move of online gambling is unstoppable. No one can predict how many people are joining online casinos but the number is startling. There is a huge market that is opting to wager from the privacy of their own homes rather than going into a land based location. Tribal leaders are scrambling for a solution to the problem, but it may be a long time in coming.

    Indian-Owned Slots Parlors Face Off Against Company-Owned Ones

    Saturday, January 8th, 2011

    The increase in slots gaming is causing problems in the market. One of the main ones is competitors are facing off to make sure their market is protected. That is a difficult thing to do today—protect a market. Gaming companies are all outdoing each other and trying to find new ways of creating attractive bonuses for gamers. It is coming quickly and companies unable to keep up are losing out. One of the problems is the business climate with slots parlors and Indian-owned slots parlors. Of course the Indian-owned parlors were there first and all have the government approval to run their businesses as gambling facilities. They don’t have exclusivity however and this is creating a problem for them. The market is getting so competitive that they are losing a lot of business and are finding it hard to keep up. On the other side, casino companies are not happy because for the most part tribally-owned slots parlors are taxed differently. Normally a company-owned slots parlor has to pay between ten to fifteen percent of their revenue on slots gaming to the state. Indian-owned casinos don’t.

    Gaming companies are having problems with the disparity in taxation. They believe that if Indian-owned casinos are going to be in the market then they should have to deal with the same rules. They are citing the changes in rules as unfair. The government has yet to step in though. Right now the way the rules are written, Indian owned casinos get a bigger break on the games. Though it differs from tribe to tribe, it is lower than the company taxation. Tribal leaders are not happy about the complaints though. They state that their contracts were written eyars ago while most gaming companies are late comers to the party. They also argue that they use their income from slots as a means to survive and not just as a business proposition. Though the arguments are far from over, expect more to come into play in 2011. This year the government is going to have to get more involved in the issue and set forth some strict rulings on how to manage both entities fairly.

    Michigan Having Problems with Indian-owned Slots Parlor

    Friday, December 31st, 2010

    The Bay Mills Indian community is having problems with Michigan legislators. The state is trying to shut them down from operating their casino and slots parlor. A federal lawsuit was filed earlier this month accusing the casino of operating illegally due to not being situated on Indian-owned parcels. The Indian reservation belonging to the Bay Mills tribe is farther north of where their slots parlor and gaming facility is situated. The state is ordering the casino to be shut down immediately and sent a cease and desist latter. Bay Mill tribal leaders stood their ground though and refused to shut down their casino of approximately forty slot machines. They stated that the casino’s opening was carried out because they were assured their location was acceptable to state leaders. They want to know why now the state is having problems with their locale. The next step is yet to be released to the public but it is the state’s turn to respond.

    Part of the problem could be that the state is not sharing in revenue from the casino. According to the Little Traverse Bay Tribe, they are supposed to contribute revenues to the state according to a contract with Michigan officials. In exchange for operations, they have to hand over a portion of their money. Due to a breach of their contract though, the tribe is no longer obligated to contribute this money to the state. This is the reason allegedly why the state is coming down on the Bay Mills Indian Community and calling for the closing of their slots parlor. There is an investigation into the real reason why things happened and who dropped the ball in terms of allowing them to start a gaming center at the location. It will take a few weeks to formally investigate the issue and find a solution to the problems that are now arising. Until then the tribal leaders state that they will continue operations as normal and refuse to shut their doors without further legal action by the state’s officials. The state officials have yet to comment on what their next move is going to be.

    Tribally Owned Slots Parlor in Debates with States

    Thursday, December 30th, 2010

    It’s no secret that the question of gambling revenue is up in the air. Sure legislators want it, but the procedures to get it are being currently debated. The problem is that there are millions, even billions, of dollars at stake here. No one can debate just how lucrative slots gaming it. It is one of those activities that no one wants to pass up due to that money. New York is heavily into debates over what to do regarding the mess. Now it is the Ganienkeh Territory that is posing some problems. The tribe runs the Clinton Country slots gaming center and it is a highly lucrative activity. There is an issue—they aren’t paying the county its agreed upon piece of the money. The county is not happy about it. Now legislators are threatening a complete shut down and seizure of the games if they tribe does not comply with the aforementioned laws. The tribal leaders however are not ready to do that. They are saying that the owe nothing to the county due to the seizure of their land years ago. They believe that they are entitled to slot machine money because of this. Right now the tribe is running over one-hundred slot machines in the county and pushing for complete ownership of all the funds the machines bring in.

    The county is not as agreeable to the tribe’s stand. They believe that the machines and land the tribe is on, are both due for a substantial taxation. If they don’t get that money, they are most likely going to have to pursue other legal action on the tribe. Tribal leaders have been stubborn though. They have clearly stated that they will not agree to pay taxes on anything in coming months, regardless of how hard the county pushes. They state that they have the right to benefit from the money coming in from slot machines and share their spoils with no one. The agreement that is being worked on however does have some provisions for the state to benefit from the gambling activities that are held within their jurisdictions. It most likely will be a monumental battle though since neither side is going to give in and share.

    Check out Gun Lake Casino in Michigan

    Sunday, December 26th, 2010

    If you are looking for a great new slots casino to test out and you are in the Michigan area, why not try the new Gun Lake Casino? This is a casino that offers hundreds of top notch slots games to enjoy. The casino made waves earlier this year when the Gun Lake Tribe announced that it procured the financing to complete the top level casino project. It is no secret that gambling is lucrative and companies all over are pushing for the biggest changes in the market. Tribally owned casinos are working hard to keep up with the market too. In today’s world there is a lot of competition and that is creating a bigger strain on the market than anticipated. Tribal casinos have had problemd due to the rise on competition. One of the biggest issues has been the rise in online gambling. Online gambling is having no problems finding a market or gaining customers away from the other land based casinos. Land based casinos are having problems though- they are fighting hard for customer, this isn’t paying off. Customers are more discerning than ever when it comes to finding the best casinos and deals.

    This is part of the reason why Gun Lake Tribal leaders getting the proper funding to go ahead with this gambling project is so important for them. The tribe is pushing for expansions and setting their casino up for making a huge showing in the local market. Right now the land based casino market is shifting. Las Vegas and Atlantic City are no longer the sure-fire winners of the numbers game in the US. In fact, both have declining numbers and are struggling. This is leaving the door open for casino gaming companies to step up and bring their own gambling products to the market. Gun Lake is a huge casino in Michigan and leaders are focused on building a big market for themselves. They procured a $165 million loan to make sure they can build themselves up to be one of the biggest casinos in the world gambling market.  Time will tell whether or not this pays off in the end, but most likely the casino is going to showcase how much a slots parlor can do in the world.