Indian Casinos Go Off the Reservation

Sargent, Carolyn
December 2004
Investment Dealers' Digest;12/13/2004, Vol. 70 Issue 48, p17
Trade Publication
The article focuses on the business competition between native Americans and commercial gaming companies. Tribes with mature casino businesses have been taking steps to expand and diversify for a couple of years. While native American are taking on new risks, the tribes' strong cash flow, attractive cost of capital and long experience running gaming facilities may make them tough competitors. The tribes' expansion strategy also includes management deals with other tribes. Of course, venturing off reservation comes with risks as the tribes will face increased competition and lose certain tax advantages.


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