JOURNAL ARTICLE
Cannabis, drones, and Wahlburgers: Native Americans push beyond casinos after pandemic 'eye-opener'.
Published In: Fortune.com, 2023. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Haigh, Susan 3 of 3
Abstract
The article discusses the shift in revenue strategies among tribal nations, particularly following the COVID-19 pandemic, which highlighted the vulnerabilities of relying solely on gambling income. The Mashantucket Pequot Tribal Nation, owners of Foxwoods Resort Casino, is actively pursuing diversification into federal government contracting and other non-gambling ventures, aiming for these to comprise a significant portion of their revenue in the future. Other tribes, such as the Gun Lake Tribe and the Little River Band of Ottawa Indians, are also expanding into various industries, including real estate and food franchises. The article emphasizes the growing trend among tribes to seek economic stability through diversification, especially as traditional gambling revenues face increasing competition and market changes. [Extracted from the article]
Additional Information
- Source:Fortune.com. 2023/02, pN.PAG
- Document Type:Article
- Subject Area:Political Science
- Publication Date:2023
- Accession Number:162103607
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