economic impact

WASHINGTON – The typical U.S. Internet gambler is under 40, college-educated, male and more affluent than his fellow citizens, according to results of a new survey of online gamblers included in the American Gaming Association’s (AGA) 2006 State of the States: The AGA Survey of Casino Entertainment. The report also includes comprehensive economic impact data on the U.S. commercial casino industry, which indicate the industry in 2005 generated more than $30 billion in gross gaming revenues for the first time ever.

NEW ORLEANS – Though a full recovery is still some years off, the U.S. Gulf Coast can look forward to a successful economic future within the next decade, according to the results of a new survey of regional leaders released today at G2E Institute. The experts surveyed also assert that the gaming industry is leading the way in recovery efforts, both as a significant contributor to the overall recovery effort and as the fastest-recovering industry in the region.

WASHINGTON—Gross gaming revenues for the U.S. commercial casino industry climbed 6.8 percent in 2006 to reach a new record of $32.42 billion, according to a survey released today by the American Gaming Association (AGA). The 2007 State of the States: The AGA Survey of Casino Entertainment also illustrates the continued high acceptability of casino gambling among American adults, with more than four in five (82 percent) saying the activity is acceptable for themselves or others.

WASHINGTON – Revenue for the U.S. commercial casino industry has increased 73 percent over the past 10 years, according to a new report released today by the American Gaming Association (AGA). The 2008 State of the States: The AGA Survey of Casino Entertainment, the 10^th edition of the AGA’s survey of the commercial casino industry, reveals that gross gaming revenue reached $34.13 billion in 2007, up from $19.7 billion in 1998.

Thank you for that kind introduction, and thank you to Michael Pollack and Spectrum Gaming Group for inviting me to be here today. It’s a pleasure to have this opportunity to speak at the first Pennsylvania Gaming Congress. During the past decade, I have seen overwhelming growth in the gaming industry in the form of commercial casinos, Native American gaming and, most recently, the phenomenon of racetrack casinos, which Pennsylvania legalized just last summer.

Mr. Chairman and distinguished members of the committee, thank you for the opportunity to submit testimony to your panel today. I realize that many of you may be unfamiliar with our industry, and I always appreciate the opportunity to demystify our business.

For those of you who don’t know about my organization, I’d like to briefly explain what the American Gaming Association is and give you an overview of the industry we represent.

Good afternoon.  I’m Frank Fahrenkopf, president and CEO of the American Gaming Association, which represents the U.S. commercial casino industry in Washington.  I’ve been asked to give you an overview of today’s commercial casino industry.  I’ll start with some numbers and a look at our impact on the communities where we operate, then I’ll get into what the people who know our industry best are saying about gaming.

Thank you for that kind introduction, and thank you to Michael Pollack and Spectrum Gaming Group for inviting me to be here today. It’s a pleasure to have this opportunity to speak at the first Florida Gaming Congress. During the past decade, I have seen overwhelming growth in the gaming industry in the form of commercial casinos, Native American gaming and, most recently, the phenomenon of racetrack casinos, which voters in Broward County approved earlier this year.

Good morning.  My boss, Frank Fahrenkopf, sends his regards and regrets for not being here due to a minor medical procedure.

I’m happy to be here at the fabulous Wynn Las Vegas to report on the state of the commercial gaming industry as we head into 2006.  As many of you know, this past year marked the 10th anniversary of the American Gaming Association, and I think it’s fair to say that as we enter our next decade, we do so as the voice of an industry that has seen its fair share of challenging times but has emerged more united, stronger, and with more opportunities than ever.

Dear Editor:

While the American Gaming Association (AGA) does not take a position on the issue of gambling expansion, we do find it necessary to address misconceptions about our industry.  On that note, your readers deserve to know that an opinion editorial by Mr. Richard Dawahare, “We Can’t Build Economy on Gambling’s Shifting Sands” (Herald-Leader, May 14), is replete with errors.  So filled with error is Mr. Dawahare’s article that he creates his own reality by using spurious logic and creating facts out of whole cloth.