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California Tribal Casino Irony

By Chuckmonster on Thursday, 10th June 2004 1:39am
  » filed under Las Vegas  comments: 0

   

Seven months into his tenure, California Governor Arnold Schwarzenegger has become a gambling man, turning to casino revenue to fill gaps in his state's budget. Currently, Schwarzenegger is negotiating with California Native American tribes, allowing them to add an unlimited number of slot machines to their operations in exchange for giving the state a cut in the action. The new agreements, which are expected to become official in the coming month, could yield jackpots for some companies.

Without an official announcement, it's impossible to say exactly how the deal will look, but the change in approach could bring a windfall for the state. According to Falcone, under the tentative agreements reached this week, the state could see $1 billion from the four tribes, with $250 million a year after that, plus more, if other tribes sign on.



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