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California Gambling To Change?

By Chuckmonster on Monday, 18th October 2004 11:29am
  » filed under Las Vegas  comments: 0


Two measures on California's November ballot could reshape the state's gambling policy and affect the governor's ability to extract money from Indian tribes.

Gambling is an estimated $4 billion to $6 billion industry in California. With such a large amount of money at stake, interested parties have spent copious funds on campaigns for Propositions 68 and 70, the San Jose Mercury News reported Sunday.

After raising nearly $30 million, the card clubs and race tracks backing Proposition 68 pulled the plug on their campaign, which polls showed was unpopular with the public as well as opposed by Gov. Arnold Schwarzenegger. However, the motion will still appear on the ballot.

Proposition 70 would grant Indian casinos unlimited expansion rights on tribal lands for 99 years provided they pay the state corporate income taxes, less than 9 percent. Schwarzenegger, however, opposes the motion.



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