Most tribal casinos will weather the downturn in the economy although some are feeling the pinch, according to Moody's Investors Service.
Four of the 19 gaming operations that are rated by Moody's have been downgraded since the beginning of the year. “But many operators possess sound financial profiles that should see them through," the report said, according to The New London Day.
Two Connecticut tribes have seen a dramatic drop in their slot machine profits despite operating the largest casinos in the nation. The latest figures are being reported tomorrow.
Get the Story:
Report: Indian casinos not immune from hard times
(The New London Day 8/14)
pwday
Connecticut
Moody's cites economic hit to tribal casinos
Thursday, August 14, 2008
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
• Eastern Cherokee per caps peak at $9,300• Nottawaseppi Huron casino on the fast track
Indian Gaming Archive