HREC is a national hotel and gaming consulting firm. It providesreal estate and business valuations, market feasibility studies,litigation support and investment analysis.
Before the terrorist attacks on Sept. 11, non-Native Americancasino development under construction or slated for imminentdevelopment was estimated to total $4.4 billion, compared with thecurrent $3.9 billion figure.
The $500-million decline is due to the recent openings of theHyatt Casino in Black Hawk, CO and the Palms Casino in Las Vegasplus the cancellation of the $100-million Casino Magic Bossier Cityexpansion project in Los Angeles. Currently, Native American gamingdevelopment is estimated at $6 billion. Inclusion of Indian gamingdevelopment raises the total domestic casino development pipelineto $14.4 billion.
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