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Schwarzenegger Strikes Deal with Indian Casinos
In the U.S., California's Governor, Arnold Schwarzenegger signed new agreements with five American Indian tribes Monday that will allow a major expansion of tribal gambling in exchange for billions of dollars in payments to the state over the next quarter-century. The deal allows an unlimited increase in the number of slot machines at the Indian tribes' casinos. The current pact, signed by then-Governor Gray Davis in 1999, limits each tribe to 2,000 machines. The tribes will pay the state $1 billion this year and between $150 million and $200 million a year after that until 2030. The agreement allows Schwarzenegger to fulfill a campaign promise to make tribes pay a greater share of their casino profits to the state, which has been desperately trying to close multibillion-dollar budget deficits. Schwarzenegger hopes to have new agreements with as many as a dozen Indian tribes.
SOURCE: Associated Press.
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