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. Tampa is 15th-most popular city to move to with U-Haul

    Markets

    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall

    Business

    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages

    Business

    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel

    Business

    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.