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Magazine report critical of Indian gaming industry

Monday, Dec. 9, 2002 | 11:30 a.m.

A majority of Indians have failed to benefit from Indian casinos because the 1988 laws regulating the industry are badly written and discriminatory, Time magazine reports in its Dec. 16 edition.

Only half of Indian tribes have casinos, the magazine said. Thirty-nine of the 290 Indian casinos accounted for $8.4 billion, or 66 percent, of $12.7 billion in revenue last year, Time said. States with relatively high Indian populations, including Montana, Nevada, North and South Dakota, and Oklahoma, received less than 3 percent of casino proceeds.

Some Indian casino operators get federal aid they don't need because of the loopholes in the Indian Gaming Regulatory Act of 1988, the magazine said, citing spending by the Indian Health Service.

Many non-Indian investors have also made millions of dollars from the casinos that were meant to raise the Indians out of poverty, Time said. More than 90 percent of the agreements between Indian tribes and other gaming-management companies aren't overseen by regulators, which allows the investors to keep their identities and share of the profits secret.

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