US Tribes Sustained $500m Loss In 2009

Indian gaming revenues declined by $500m to $26.2bn in 2009, marking the first year tribal casinos have lost money since Congress passed the Indian Gaming Regulatory Act of 1988, the deputy executive director of the National Indian Gaming Association said Wednesday.Jason Giles, who is also NIGA’s general counsel, said Indian gaming lost more than 100,000 jobs last year after reaching a peak of 600,000 jobs in 2008.

Meanwhile, federal tax revenues paid by tribes shot up 30 percent to $9.4bn in order to pay for unemployment benefits given to workers laid off by Indian casinos.

Despite these dismal numbers, the Indian gaming industry, is “staying strong and remains steady,” Giles said.

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