After three straight years of decline, California's Indian casinos are once again showing increased revenues, reflecting an improved economy, according to a new study.
The state's 68 tribal casinos registered a nearly 2 percent increase in revenues, from approximately $6.8 billion in 2010, to $6.9 billion in 2011, according to the latest figures, released today (Wednesday)in an annual survey of the industry.
That is still less than the record $7.8 billion for 2007, prior to the recession. But analysts are predicting continued growth, exceeding the previous high.
“I have a positive outlook it will. I can't say how many years it will take,” said Alan Meister, an economist with Nathan Associates and author of Casino City's Indian Gaming Industry Report.
In Sonoma County, the Las Vegas-style gambling offered by Indian tribes will go to whole new level with the large casino set to open late this year, next to Rohnert Park.
The 3,000-slot, 320,000-square-foot facility under construction by the Federated Indians of Graton Rancheria is expected to rake in $418 million in gambling revenue by its seventh year, according to projections in the state-tribal compact.
That's more than triple the $124 million revenue last reported in 2010 by River Rock, the only other Indian casino in Sonoma County.
The competition means both casinos will need to serve customers well and perhaps loosen up their slots, according to William Thompson, a gambling expert who teaches at University of Nevada in Las Vegas.
“Have great customer service,” was the advice he offered Tuesday. “You have to have nice service and a nice place. You have to be very friendly, because the people coming in will have other places to compare.”
He said the Rohnert Park casino, as well as River Rock near Geyserville, should consider matching the Las Vegas payout rate of 95 percent, meaning for every dollar the player wagers, 95 cents is paid out.