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HOME > NEWS > Investor News > Arizona casino set to open Nov. 20

Arizona casino set to open Nov. 20

11 November 2008

CHANDLER, Arizona -- As reported by The Arizona Republic: "In today's shaky economy, the Lone Butte casino in south Chandler seems more a crapshoot than a sure bet.

"The $60 million, 120,000-square-foot casino is scheduled to open Nov. 20 following the biggest drop in quarterly casino gaming revenue in recent years.

"Tribal contributions to the state from Indian gaming in Arizona fell more than 9 percent, to $25 million in the quarter that ended Sept. 30. Those contributions reflect casino earnings since tribes are required to give 1 percent to 8 percent of their gross gaming revenue to the state, cities, towns and counties.

"...The new casino will have 850 slot machines, 24 blackjack and Pai Gow poker tables, a 750-seat bingo hall, six restaurants and 2,500 parking spaces. It will employ about 800 workers..."

 
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