Compact News from California

Thread: Indian Gaming in the News

On Tuesday, California Governor Arnold Schwarzenegger and the Agua Caliente Band of Cahuilla Indians signed a precedent-setting gaming compact. Under the terms of the compact, the Band will be able to operate 5,000 slot machines and open a third casino. In exchange, the Band will pay as much as $81.9 million annually into the state's General Fund, along with continuing payments to local communities and $2 million each year to California's "tribe-to-tribe" revenue-sharing fund.

Schwarzenegger hailed the compact as "benefiting the state, the tribe, and the local communities."

We expect similar compact terms to crop up not just in California, but in other states with lucrative tribal gaming markets.