Tribal Strength Through Economic Diversification

The potential impacts of Internet gaming legalization was a major topic at last month’s National Indian Gaming Association (NIGA) convention. Another critical topic, not surprisingly, was economic diversification and Tribes’ ability to pursue and manage the process of planning for change.

Legalization of online gaming is gaining traction; a few states already have passed legislation allowing it. Should this trend continue, it has been estimated that Indian gaming revenues could take a hit of up to 25 percent. This would be disastrous for many Tribal communities whose economies are built upon gaming revenue as their sole economic pillar.

If there is a bright side to the potential challenges in the gaming industry, it is that many progressive, forward-thinking Tribal leaders have been planning for this day...