Make us your home page
Instagram

Florida gaming growth slowed in 2007

In a weak economy, Indian gaming nationwide experienced modest growth last year, with 230 tribes operating 425 gaming facilities in 28 states that generated $26.5-billion in gaming revenue. That's up 5 percent from 2006, according to the just-issued "Casino City's Indian Gaming Industry Report" authored by Alan Meister, an economist with Analysis Group.

The top five gaming states — California, Connecticut, Oklahoma, Arizona and Florida — accounted for 62 percent of total gaming revenue last year. Total gaming revenue generated by Florida Indian gaming facilities — two tribes operate eight facilities — was about $1.6-billion, an increase over 2006 of only 2.3 percent. That puts the state at No. 18 in percentage growth among gaming states. In 2006, growth was a more muscular 21.5 percent, and 38.5 percent in 2005.

The slower 2007 growth, though aided in part by the gaming expansion at the Seminole Hard Rock Hotel & Casino in Tampa, was caused by a sluggish economy and increased competition, according to the gaming report.

The big question going forward for Florida Indian gaming is whether the compact allowing an expansion in gaming agreed to between the Seminole Tribe and Florida Gov. Charlie Crist will be upheld. The Florida Supreme Court ruled Crist lacked the authority to sign off on the compact without approval of the state Legislature. That ruling is being appealed.

Florida gaming growth slowed in 2007 08/19/08 [Last modified: Tuesday, November 2, 2010 1:17pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Founder of Tampa home sharing platform questions Airbnb, NAACP partnership

    Business

    TAMPA — A Tampa rival to Airbnb, which was launched because of discrimination complaints on the dominant home sharing platform, has concerns about the new partnership between Airbnb and NAACP announced this week.

    Rohan Gilkes poses for a portrait at his home and business headquarters in Tampa. 

Innclusive, a Tampa-based start-up, is a home-sharing platform that focuses on providing a positive traveling experience for minorities. [CHARLIE KAIJO | Times]
  2. Appointments at Port Tampa Bay and Tampa General Medical Group highlight this week's Tampa Bay business Movers & Shakers

    Business

    Government

    Port Tampa Bay announced that Jamal Sowell has been named director of special projects. Sowell, a former member of the U.S.Marine Corps, will support internal, external and special projects, assist the executive team with management oversight and serve as a liaison on a variety of port …

    Port Tampa Bay announced this week that Jamal Sowell has been named director of special projects. [Handout photo]
  3. Drones restrictions coming at Tampa Bay area airports

    Airlines

    Starting Sept. 1, Tampa International Airport officials will be enforcing new height restrictions for drones and other unmanned aircraft systems, according to a press release.

    In this February 2017 file photo, a drone flies in Hanworth Park in west London. Starting Sept. 1, Tampa International Airport officials will be enforcing new height restrictions for drones and other unmanned aircraft systems,
[John Stillwell/PA via AP, File]
  4. Gov. Scott backs off boycott of companies doing business in Venezuela

    State Roundup

    TALLAHASSEE — Gov. Rick Scott will ask the Florida Cabinet next month to prohibit the state's investment managers from doing something they already do not do: invest in companies or securities owned or controlled by the Venezuelan government.

    Florida Governor Rick Scott interacts with people as he holds a Venezuelan Freedom Rally at El Arepazo 2 restaurant on July 10 in Miami. [Joe Raedle | Getty Images]
  5. Superior Uniform Group reports $65.6 million in sales for second quarter

    Corporate

    SEMINOLE — Superior Uniform Group Inc. reported sales of $65.6 million in net sales for the second quarter, up a percentage point from the same quarter last year, the Seminole-based company reported Thursday.

    Superior Uniform Group Inc. saw a sales increase for the second quarter, the company reported Thursday. Pictured is Michael Benstock, CEO. | [Courtesy of Superior Uniform Group]