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DENVER-In its latest study released exclusively to GlobeSt.com, locally based Hospitality Real Estate Counselors reports that US casino development is expected to top $4 billion, nearly 33% more than the $3 billion in 2004 and 2003. The study also confirms that more than $14.5 billion in casino projects are proposed or under construction, and that more than 67 casino developments, a total of $14 billion in deals, are rumored to be built.

Of the rumored casinos, more than $7.1 billion would be for 39 North American Indian tribe casinos. The largest one would be for the $950 million Botkins Casino in Ohio, which would have 250 rooms and 100,00 sf of casino space. The biggest concentration of casinos, by far, would be in California, where 11 tribal casinos are on the drawing board.

But many of the Native American Indian tribe casinos on the drawing board are far from done deals. They often face criticisms from local politicians and residents. “Many Native American casino developments take years to compete due to the lengthy approval process required for off-reservation gaming,” the report states. “It should be noted,” the report continues, “that Native American casinos appear to be following the trend toward all-inclusive gaming resorts,” which are supported by hotel rooms, just as a traditional casino development.

HREC also tracked 28 rumored traditional hotels that would have a completed value of $6.95 billion. The largest is the $1.5-billion Boyd Gaming-Borgata West in Las Vegas. It would have 3,000 rooms in the hotel, although the casino in size is not known. Nevada would have the most casinos, with seven of them on the drawing board. Nevada also accounts for almost $3 billion of the dollar volume. Mississippi is No. 2 in the nation, with six projects on the drawing board.

Traditional casino developments either under construction proposed equate to more than $11 billion between now and 2009. The report also notes “mega resorts,” such as the new Wynn Casino in Las Vegas, continue to draw the most developer interest and capital.

Michael Cahill, president of HREC, says the survey says that the survey is tracking the “most interesting collection of data and trends on casino development. …Casino development remains robust and profitable in locations ranging from Pawtucket, RI to Fresno, CA.”

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