NEWTON, Mass., March 6, 2012 (GLOBE NEWSWIRE) -- Casino City Press today announced the release of the 2012 edition of Casino City's Indian Gaming Industry Report – the most comprehensive, up-to-date study of Indian gaming available – authored by Dr. Alan Meister, an economist with Nathan Associates Inc., who has done extensive research and analysis on Indian gaming issues.
The Report provides calendar year 2010 nationwide and state statistics (the latter not available anywhere else) including: gaming and non-gaming revenue; Class II vs. Class III gaming; number of facilities, tribes, gaming machines, and table games; market summaries; trends; and revenue sharing with state and local governments.
The Report also includes comparisons across states, historical perspective on Indian gaming, an examination of the reasons for Indian gaming's recent slowdown and recovery, comparisons to commercial casinos and racinos, an economic impact analysis examining Indian gaming's contribution to the U.S. economy, and a qualitative future outlook for Indian gaming.
Significant findings include:
- In the wake of the Great Recession, Indian gaming showed signs of recovery.
- After coming off of its first-ever decline in gaming revenue in 2009 (1%), Indian gaming grew 1.3% in 2010.
- Gaming revenue at Indian gaming facilities nationwide was approximately $26.7 billion in 2010.
- Indian gaming outperformed the commercial casinos segment and the card room segment, which declined 0.1% and 2%, respectively, in 2010. However, the racinos segment outgrew Indian gaming with 5% growth in 2010.
- Indian gaming generated approximately 44% of all U.S. casino gaming revenue in 2010, only slightly less than the 45% share contributed by the commercial casinos segment.
- The top 2 states generated 38% of total gaming revenue at Indian gaming facilities; the top 5 states generated 61%.
Dr. Meister said that the increase in gaming revenue for Indian gaming nationwide in 2010 offset the decline in 2009; however, Indian gaming did not grow everywhere. "While Indian gaming grew slightly on a nationwide basis in 2010, the performance of Indian gaming varied widely across gaming facilities, tribes, and states. It grew in 19 of 28 states, yet in only 49 percent of all Indian gaming facilities."
Casino City's Indian Gaming Industry Report is relied upon by the gaming industry, other related industries, government/regulatory agencies, and the investment community.
As in previous years, this study continues to be the product of independent scholarly research and neither Dr. Meister nor Nathan Associates was commissioned to do the study.
For more information and to order a copy of the report, visit www.CasinoCityPress.com.