Seminole Tribe keeps low profile in Vegas
| 02 March 2008 |
As reported by: Hotels Magazine
The Seminole Tribe, which operates seven casinos in Florida and purchased the Hard Rock restaurant chain in 2006 for nearly $1 billion, has become the envy of Las Vegas casino operators.
While Vegas slots generally turn a daily profit of about $100, Florida slots, which actually are electronic bingo devices, make from $400 to $500 a day. They are among the nation's most profitable - and that's before taking into consideration that the tribe, operating on reservation land, doesn't pay state and federal taxes as commercial casinos do.
No wonder, then, that developers from Las Vegas and around the world have approached the Seminoles, arguably the nation's most economically successful tribe and one of the first to get into the gambling business, to build major resorts.
More recently, developer Triple Five approached the Seminoles about purchasing about 40 acres the company owns across from Mandalay Bay on the Las Vegas Strip.
The tribe said thanks, but no thanks, Seminoles spokesman Gary Bitner said.
"People are coming to the tribe with a variety of opportunities because they're aware of how successful they are. But there's nothing on the table right now in Las Vegas" besides the recent opening of a second Hard Rock Cafe restaurant near MGM Grand on the Strip, Bitner said.
The tribe acquired more than 120 Hard Rock Cafes and a few Hard Rock-brand hotels when it purchased the Orlando-based restaurant chain. The Hard Rock Hotel & Casino in Las
Article By: Hotels Magazine
While Vegas slots generally turn a daily profit of about $100, Florida slots, which actually are electronic bingo devices, make from $400 to $500 a day. They are among the nation's most profitable - and that's before taking into consideration that the tribe, operating on reservation land, doesn't pay state and federal taxes as commercial casinos do.
No wonder, then, that developers from Las Vegas and around the world have approached the Seminoles, arguably the nation's most economically successful tribe and one of the first to get into the gambling business, to build major resorts.
More recently, developer Triple Five approached the Seminoles about purchasing about 40 acres the company owns across from Mandalay Bay on the Las Vegas Strip.
The tribe said thanks, but no thanks, Seminoles spokesman Gary Bitner said.
"People are coming to the tribe with a variety of opportunities because they're aware of how successful they are. But there's nothing on the table right now in Las Vegas" besides the recent opening of a second Hard Rock Cafe restaurant near MGM Grand on the Strip, Bitner said.
The tribe acquired more than 120 Hard Rock Cafes and a few Hard Rock-brand hotels when it purchased the Orlando-based restaurant chain. The Hard Rock Hotel & Casino in Las
Article By: Hotels Magazine
Post a Comment
Top Online Casino Choice
Bodog Casino

REFER YOUR FRIENDS | Earn up to £30 / €30 / $30 cash for each friend you refer to Bodog Sportsbook, Casino and Poker Room

REFER YOUR FRIENDS | Earn up to £30 / €30 / $30 cash for each friend you refer to Bodog Sportsbook, Casino and Poker Room
Share it
Latest News
- World Poker Tour® Season X Premieres Sunday February 12th on Fox Sports Net®
Date: 10 February 2012 - Online Casino, Casino Online.co.pt, Announces New Website
Date: 10 February 2012 - Sale of Smaller Riverboat Complete in Lake Charles, Louisiana
Date: 10 February 2012 - PA Lottery: Feb. 11 Powerball Jackpot is $310 Million, Fifth Largest in Game History
Date: 10 February 2012 - PA Lottery: Feb. 11 Powerball Jackpot is $310 Million, Third Largest in Game History
Date: 10 February 2012 - Gamesys: Online Bingo Winner Gets Lucky With A Special Grand Prize!
Date: 10 February 2012 - Titan Casino Shows Players the Love with a Free EUR10 Valentine's Day Bonus
Date: 10 February 2012 - Senate Committee Hearing Focuses on Justice Department Internet Gambling Ruling
Date: 10 February 2012 - Sky Announce New Poker Game: Timed Tournaments
Date: 10 February 2012 - One of the Sexiest Slot Games in Vegas is Finally Online! Introducing the Mermaid's Gold(TM) Slot, Only at JackpotParty.com
Date: 10 February 2012








Readers Comments
No comments have been submitted yet for this article.