Report: New Mexico's Native American casinos recovering
Posted at: 02/28/2013 10:26 AM
By: The Associated Press
ALBUQUERQUE, N.M. (AP) - A new report shows that 2011 revenue from American Indian casinos in New Mexico are steadily recovering from the recession.
KUNM-FM reports that Casino City's latest Indian Gaming Industry Report shows that that revenue grew by more than 2 percent in 2011.
That's up from just 0.4 percent in 2010. Alan Meister, the author of the report, says after two straight years of growth, New Mexico's gaming revenue has now exceeded pre-recession levels.
Meister also says there was a 4 percent decrease in the presence of table games at state facilities and a 2 percent increase in slot machines during the same time period.
The report says nationally American Indian casinos brushed off weak consumer spending in a sluggish U.S. economic recovery to post a modest increase in revenue.
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