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Survey Tracks Development Cycle for Traditional Casinos

Sept. 1, 2005
The 2005 edition of the Hospitality Real Estate Counselors (HREC) Casino Development Survey reports a boom in the development of traditional casinos. Construction spending for traditional casinos in 2005 is anticipated to total $4 billion, which would be more than a 300% increase from 2004's $985 million total. The report also illustrates the difference in boom and bust years between traditional and

The 2005 edition of the Hospitality Real Estate Counselors (HREC) Casino Development Survey reports a boom in the development of traditional casinos. Construction spending for traditional casinos in 2005 is anticipated to total $4 billion, which would be more than a 300% increase from 2004's $985 million total. The report also illustrates the difference in boom and bust years between traditional and Native American casino developments. For 2005, the survey recorded a meager $412 million showing for Native American casinos, a 79% decrease from 2004. According to the survey, approximately $14.5 billion in traditional and Native American casino projects are under construction or proposed for opening from 2006 to 2009.

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