Indian Gaming Numbers Jump 11 Percent

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Latest stats show that tribal gaming is big business - all $25.1 billion of it!

Phil Hogen, Chairman of the National Indian Gaming Commission (NIGC), used the semi-annual meeting of the United South and Eastern Tribes (USET) this week to announce that net revenues from Indian gaming grew more than 11 percent from 2005 to 2006, generating $25.1 billion in gaming revenues in 2006.

"The continued growth is eye-opening considering the tribal gaming industry is still relatively young. The Indian gaming industry has doubled between 2001 and 2006, going from $12.8 billion to $25.1 billion respectively," Hogen said.

"In NIGC Region II, which includes California and Northern Nevada, the revenues have jumped from $1.7 billion in 2001 to $7.1 billion in 2006, which is an increase of four and a half times over a 5 year period."

Chairman Hogen stressed that strong federal oversight has played an important role in the growth of the industry. "The public's continued goodwill is a necessary element to continued growth which is why the role of the NIGC must be reaffirmed" he said.

NIGC Region V, which includes Kansas, Oklahoma and Texas saw a increase in revenues from $1.7 billion in 2005 to $2.1 billion in 2006, a 22 percent increase, which was the largest percentage increase regionally during 2006.

The NIGC receives annual audit reports from tribes conducting gaming operations in accordance with the Indian Gaming Regulatory Act. As the fiscal year utilized by tribal operations vary, compilations of annual totals are finalized in June of the following year. The NIGC's revenue numbers are based on the audit reports of 387 gaming operations. Gaming revenues represent amounts wagered less prizes paid.

In addition to regional data, the NIGC has provided a historical comparison between facilities based on revenue and a bar graph illustrating the growth in Indian gaming since 1996.

The NIGC is an independent regulatory agency established within the Department of the Interior pursuant to the Indian Gaming Regulatory Act of 1988.

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Four New Indian Poker Tournaments

2008年2月12日周二 mgowanbo.cc

Autumn 2008 will see more poker action in Mumbai, Bangalore, Delhi and Goa

The success of last year's Asian Poker Classic has prompted the introduction of four new major Indian poker tournaments in Mumbai, Bangalore, Delhi and Goa through the newly launched Indian Poker Tour.

Scheduled for autumn 2008, the tour comprises four major tournaments that will attract global poker aces and some of India’s best players to do battle for their share of an expected $1 million prize-pool.

This is the first-ever poker tour to be staged in India and promises to make the game a big hit in the world’s second most populous nation. With the success of Indian players in last year’s Asian Poker Classic, the India Poker Tour (IPT) will spur the development of poker in India in a professional and responsible manner.

The tour kicks off in Mumbai in September and moves on to Bangalore. The third event will take place in Delhi before the Grand Final is held in the beautiful coastal state of Goa.

“Our goal is to add poker to the pastimes of the card and sport-crazed fans of India,” says Imran Hassan, Director of Operations. “India traditionally has had a long history of being a card-loving nation. So we hope the launch of the India Poker Tour (IPT) will now help to satisfy the Indian craving for skill based card games.”

Players will be able to qualify for the event via live and online satellites, with the online satellites starting in June 2008. Full details will be published at India Poker Tour.com website.