Cherokee Casino To Open in 2015

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CHARLOTTE – A weak economy has slowed gambling revenues at U.S. Indian casinos just as North Carolina’s Cherokee Indians build a second gambling hall.

A national report released Wednesday by Casino City’s Indian Gaming Industry says Indian casino revenue growth in 2012 slowed to 2 percent, down from 3.4 percent in the previous year. At North Carolina’s only casino, revenue was up by nearly 3 percent in 2012, compared to 5.8 percent in the previous year.

While revenue was up at tribal casinos in 2012, it was outpaced by commercial casinos because more have opened and tribal casino markets are aging and locked in tough competition, said Alan Meister, the report’s author.

North Carolina’s one casino is operated by the Eastern Band of Cherokee Indians. For The Full Article Go Here.

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