Home » VT News » California Tribal Casino Irony

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.



Comments & Discussion:

» No Guts, No Glory... Be The First to Post

Comments Are Closed

Subscribe via RSS

Recent Comments:

michigan2010 posted: "MGM equals cookie cutter casino. No to reason to step foot in Bellagio again. Just hope they don't screw up..."
» Sayonara Bellagio Table Game Canopies...
saharalv posted: "I wish the editors were the entire electoral college in 2016...."
» Introducing the Trippies Class of...
fatbastard posted: "So many people letting a billionaire live rent free in their heads. Funny. Too bad it also detracts from the..."
» Introducing the Trippies Class of...
wpsteel66 posted: "Total bummer…talk about taking the class and uniqueness away from the Bellagio…another smart move on CEO Jim and making all..."
» Sayonara Bellagio Table Game Canopies...
damania posted: "Is there a podcast?..."
» Introducing the Trippies Class of...

» More Comments