|
Will the expansion of tribal
gambling in California hurt Nevada?
Expert speculation varies across
the spectrum from the Garden of Eden to Armageddon.
In January, 2000, Harrah's announced
a major tribal casino joint venture with San Diego's Rincon band.
Harrah's will build and manage a $100 million casino and hotel
for the tribe.
The Pala band previously announced
a $90 million deal with Anchor Gaming of Las Vegas, and the United
Auburn Indian Community of Northern California has signed a $100
million agreement with Station Casinos, also of Las Vegas.
The gambling industry has been
using the potential expansion of tribal casinos in California
as a reason to defeat Sen. Neal's initiative. However, Neal's
taxation plan is three years away, while Nevada casinos are busily
exporting Nevada jobs to California through tribal joint ventures.
This is the equivalent of General Motors downsizing in Flint,
Mich., while building new plants in Mexico.
Recent media reports have been
mixed as to whether tribal casino expansion will have any significant
effect on Nevada. The most bearish of the reports, below, from
the Wall Street investment firm of Bear Stearns, came within
hours of widely distributed stories taking the opposite point
of view.
Experts disagree on whether Calif. gambling
expansion will hurt Vegas
Some call Prop 1A a greater threat than state's recent Prop 5
By David Strow, LAS
VEGAS SUN
Analysts see little long-term impact
from Indian casinos
By John Stearns,
RENO GAZETTE-JOURNAL
Report says California tribes could have
strong impact on Nevada
By Robert Macy, ASSOCIATED
PRESS
|
