Indian casinos are thriving but they haven't made most Indians wealthy, and they can't solve the myriad problems that exist on reservations
-- Ka-ching fact No. 1: Casinos have not made all, or most, American Indians wealthy.
-- Ka-ching fact No. 2: Indian casinos vary enormously in revenue. The universal reason: location, location, location.
-- Ka-ching fact No. 3: Indian tribes vary widely in how they spend casino dollars.
-- Ka-ching fact No. 4: Casinos are controversial in Indian Country, too.
1 comment:
Writerfella here --
And writerfella supposes that there is a Ka-Ching factor no. 5 -- Oklahoma has 35 tribes and most either run a casino operation or are planning to enter the field. A large number of casino operations within one state can only result in destructive competition that will see smaller operations actually going bankrupt. But no, the state of Oklahoma saw a statewide lottery as a means to fund education and the enabling of Native compacts for casinos as a further increase for such a purpose. Upshot? The 'frybread-in-the-sky' amounts from casinos that were predicted by the Oklahoma state treasurer's office have not come to pass, meaning that the very easily-seen competition has reduced income for all the casinos. And still more are being built...
All Best
Russ Bates
'writerfella'
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