Tribal Gaming

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October 23rd, 2011 at 3:43:38 PM permalink
marksolberg Member since: Nov 14, 2009 Threads: 24 Posts: 197	Many tribal casinos have a revenue sharing agreement with states. In Michigan all casinos must pay the state 2% of gross slot revenue to local units of government. You can figure out at least gross slot revenue from these. The contributions are posted on the Michigan.gov website. Mark

February 28th, 2012 at 5:14:38 PM permalink

ShiftyRicky

Member since: Feb 25, 2012
Threads: 3
Posts: 36

Quote: fulkgl
"Rip-off-odds" Indian casinos are the entire state of Oklahoma. All table games require a "self funding" tax on each bet. For instance, a $5 BJ table requires a 25 cent payment before each hand. As the bet size goes up, so does the "self funding" tax. The percentage is so high that it's impossible to win in the long run in any table game in a Oklahoma casino. You can win in short sessions (variance), but long sessions will not be winnable. q]

I know this is a reply to an old post...but...i couldn't help it. As far as the "Rip off odds" thing goes, most casinos offer some type of promotion for the ante, be it certain times there is free ante or no ante at all. The ante is the tribes make money. Each tribe has to pay the state a stupid amount in taxes; each tribe also pay its members in some form, from the casino; each tribe also helps give MILLIONS to state education.

I would like to invite you to my Casino, Buffalo Run Casino and Resort in Miami, Ok. Yes, we have an ANTE...we also have promos for BJ players; Sun-Thurs 12am-4pm NO ANTE with a players club card...we also offer NO ANTE on all bets of $20 or more with a players club card....all of our top tier players are given NO ANTE ALWAYS. Our ANTE does not increase with your bet..$2=$.50...$5000= $.50 (if your not smart enough or unwilling to get a players club card). We offer very player friendly rules on all BJ Games.

There are a few Casinos in this area that offer NO ANTE ALL THE TIME, this casinos use your points earned on your players club card for your ante. This is popular, but this kills you chances at some of the nicer comps.

My casino answers to the NGIC and our Gaming Commision. Remember, these Casinos are business's and run as a legit Casino. People who think they are getting cheated at a casino (that is bigger than someones basement) are silly, why would we cheat..the games have a fixed HA already...sounds like that would be bad for business. We have to follow all Title 31 laws just like Vegas.
"Does the sign outside still say Casino?...okay then"

February 29th, 2012 at 4:30:54 PM permalink
Jay Member since: Feb 29, 2012 Threads: 0 Posts: 2	California is the same way. The big operators subsidize the smaller casinos (less than 350 machines) and the tribes with no casinos at all.

February 29th, 2012 at 4:35:42 PM permalink
FleaStiff Member since: Oct 19, 2009 Threads: 75 Posts: 4821	Nevada does release information except that which would be easily linked to a specific licensee and therefore can't be easily masked by grouping the various casinos.

February 29th, 2012 at 6:37:34 PM permalink

SanchoPanza

Member since: May 10, 2010
Threads: 24
Posts: 734

Quote: marksolberg
Many tribal casinos have a revenue sharing agreement with states. In Michigan all casinos must pay the state 2% of gross slot revenue to local units of government. You can figure out at least gross slot revenue from these. The contributions are posted on the Michigan.gov website.

How does Michigan know that it is receiving the correct sum? Does it audit or hire an independent outside auditor to go over the tribe's books?

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