From 1995 to 2011, tribal gaming has grown from $5.5B to $27.2B in revenues (NIGC website, 2012). When so much money is changing hands, a lack of adequate policies heightens the possibility of financial mismanagement. In fact, gaming violations have grown during this time period. This paper explores the relationship between financial management policies and regulatory violations among American Indian Tribal gaming activities. Through empirical testing, we conclude that deductive models of proactive and reactive policies do not accurately predict the incidence of gaming violations and these policies are ineffective. The results raise normative questions about regulatory policy parity. These findings and related implications for future financial management regulations, policies and practices are tremendous, given the amount of money involved.
Franklin, A.L. (2014), "The impact of tribal gaming on tribal sovereignty and financial management", Journal of Public Budgeting, Accounting & Financial Management, Vol. 26 No. 3, pp. 379-404. https://doi.org/10.1108/JPBAFM-26-03-2014-B001Download as .RIS
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