Economic Impact Study Release: Tribal Gaming A Powerful Economic Engine For California

News provided by

California Nations Indian Gaming Association

Aug 06, 2012, 02:18 ET

Findings will detail total annual impact on CA economy, job and income creation, tax revenue generation, support for non-gaming tribes and surrounding communities

WEDNESDAY AUGUST 8 @ 11:30 AM

SACRAMENTO, Calif., Aug. 6, 2012 /PRNewswire-USNewswire/ -- The California Nations Indian Gaming Association (CNIGA) and Beacon Economics will release the findings of a statewide economic impact study measuring the benefits of tribal government gaming on California's economy at a news conference in Sacramento on Wednesday.

The economic impact study, commissioned by CNIGA and conducted by Beacon Economics, a leading independent economic research firm, surveyed gaming and non-gaming tribes across the state, including a cross section of large and small casinos in urban and rural markets with a range of amenities including hotels, restaurants, retail establishments and entertainment venues.

The study release will detail the impact of tribal government gaming on:

  • Annual economic impact on California's economy;
  • Job creation and income;
  • Tax revenues for state and local governments;
  • Support for non-gaming tribes;
  • Benefits to surrounding communities.

The news conference will be held at the Marriott Residence Inn in Downtown Sacramento, a property owned by a tribal partnership that includes the San Manuel Band of Mission Indians and the Viejas Band of Kumeyaay Indians, both of which were participants in the economic impact study.

WHO: Daniel Tucker, Chairman of CNIGA and Chairman of the Sycuan Band of the Kumeyaay Nation
Steve Stallings, Chairman of California Economic Impact Study Committee and Council Member of the Rincon Band of Luiseno Indians
Christopher Thornberg, Ph.D., Founding Partner of Beacon Economics, LLC

WHAT: Economic Impact Study Release News Conference         

WHEN: Wednesday, August 8th 2012, 11:30 a.m.

WHERE: Residence Inn Sacramento Downtown at Capitol Park, Hospitality Suite
1121 15th Street, Sacramento, CA 95814 (15th St. & L St.)

TELECONFERENCE OPTION AVAILABLE: (866) 578-1005

The California Nations Indian Gaming Association (CNIGA) founded in 1988, is non-profit organization comprised of 33 federally recognized tribal governments. Dedicated to the purpose of protecting the inherent sovereign right of Indian tribes to have gaming on federally recognized Indian lands, it acts as the planning and coordinating agency for legislative, policy, legal and communication efforts on behalf of its members. It also serves as an industry forum for information and resources.

Beacon Economics LLC is home to some of California's leading economic researchers and consultants. The firm's internationally recognized forecasters were among the first and most accurate predictors of the U.S. mortgage meltdown—and among a relative handful to correctly calculate the depth and breadth of the financial and economic crises that followed. Beacon Economics' clients range from the California State Controller to the Natural Resources Defense Fund to one of Wall Street's most successful hedge funds.

SOURCE California Nations Indian Gaming Association