Indian Gaming > Summary of Narragansett Tribe casino deal released

July 12, 2006

Summary of Narragansett Tribe casino deal released

The Narragansett Tribe of Rhode Island and Harrah's Entertainment released details of their casino agreement on Tuesday.

The tribe will receive 5 percent of after-tax revenues of the casino. Harrah's will also pay an up-front fee of $300,000, plus annual contributions of at least $75,000, to special health and education funds for the tribe.

The tribe's share of revenues grows if the casino makes more money. A tribal lawyer said the tribe could be making $20 million a year by the third year of operation.

The tribe and Harrah's are working together to open a casino in West Warwick. It requires voters to approve a change in the state constitution. Gov. Donald Carcieri (R) has filed a legal challenge to the proposed constitutional amendment.

Get the Story:
Some details of Harrah's-tribe deal unveiled (The Providence Journal 7/12)
Username: indianz@indianz.com, Password: indianz
Harrah's releases summary of agreement (The Kent County Daily Times 7/12)
Casino backers see challenge as 'hypocrisy' (The Kent County Daily Times 7/12)
Council members upset by leak of planning for Harrah's negotiations (The Kent County Daily Times 7/12)