Tribal casino development strengthens the US economy
The East tribe of the Cherokee Indians continues to increase their potential in the gambling business, breaking the record of participation per capita. At the moment, there are two tribal casinos in the region.
Native American tribes have an important role to play in developing the potential of the US gaming industry. The eastern group of Cherokee Indians is a successful example in this regard. The number of people involved in gambling entertainment has set a new record thanks to the Harroh's Cherokee Casino Resort in Cherokee and Harrah's Cherokee Valley River Casino and Hotel in Murphy.
The fiscal year ending September 30th also exceeded the initial projections.
“According to our expectations, 2018 was supposed to repeat the achievements of 2017. However, distribution grew by 7.8% in compare to 2017. According to forecasts for the 2019th, the implementation rate should be fixed at the same level,” - said Harrah’s Cherokee regional vice president of marketing, Brian Sanuk.
According to Sanuk, the distribution in tribal ownership amounted to 76% of the total distribution and increased by 4.7% compared with 2017. Harrah’s Cherokee Valley River Casino and Hotel’s growth rate was 24%, increasing the figures for the previous year by five points.
In addition, representatives of the tribe said that casinos play a crucial role in the development of the areas in which they are located. So, according to their data, 3,500 employees earned a total of $180 million, another $38 million was paid to suppliers.
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