Compacts signed by Gov. Arnold Schwarzenegger (R) and a handful of tribes have failed to deliver on promises to inject more than $1 billion into the state budget.
Schwarzenegger promised that new slot machines added by the tribes would generate $300 million in revenue. But the state only expects $16 million this year.
He also said the tribes would finance a $1 billion bond for the state. State Treasurer Phil Angelides said the amount would only be between $800 million and $900 million, blaming a lawsuit filed by racetracks.
Get the Story:
Hearing probes Indian casino money snafu
(The San Mateo County Times 2/3)
California
Schwarznegger's compacts fail to meet promises
Thursday, February 3, 2005 More from this date
Schwarznegger's compacts fail to meet promises
Thursday, February 3, 2005 More from this date
Join the Conversation
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
Coeur d'Alene Tribe forced to shut down betting Pauma Band to develop Hard Rock Hotel and Casino
Indian Gaming Archive