SACRAMENTO - As reported by the Associated Press: "Gov. Arnold Schwarzenegger and one of the state's richest Indian tribes are expected to announce a deal Tuesday that would send nearly $2 billion
Artist's rendering of the Agua Caliente Resort Casino
in casino earnings over the next two decades to the state's general fund, much the way taxes are collected on other industries.
"In exchange for giving up a previous deal that did not require the tribe to feed California's coffers, the Agua Caliente Band of Cahuilla Indians would be allowed to increase from 2,000 to 5,000 the number of slot machines it operates, as well as open a third Palm Springs-area casino.
"The tribe would pay the state 15 percent of its net earnings from the new machines and an increased share of revenue from its existing slots, said the Agua Caliente's press secretary, Nancy Conrad.
"'This is a deal that the tribe is very happy with, that all sides will be very happy with,' she said. 'Look at how much is paid out in business tax by others - it's about 8.3 percent. This is well above that. The tribe is paying more than its fair share.'
Agua Caliente Casino
32-250 Bob Hope Drive
Rancho Mirage, CA 92270
Toll Free Phone: (888) 999-1995
|The Agua Caliente Casino, a development of the Agua Caliente Band of Cahuilla Indians, is a full-amenity casino located in the Coachella Valley at 32-250 Bob Hope Drive in Rancho Mirage. In addition to its showroom, it also features over 1,000 state-of-the-art coin-operated and EZ Pay slots and video poker machines, 46 gaming tables and a high-limit gaming area. It also includes six restaurants, a cabaret-style lounge and a first-class video poker bar. |