Tribe Offers Casino Deal

A California Indian tribe has proposed a 'tax for monopoly' initiative that would allow casinos to expand as much as the market allows.
January 23, 2004, 11am PST | Chris Steins | @urbaninsight
Share Tweet LinkedIn Email Comments

"The proposition, a state constitutional amendment, would permit tribes to offer all casino games, including craps and roulette, something they cannot do under current state law. And it would allow them to operate as many casinos on their reservations as they chose, with as many slot machines as the market would bear... In exchange, tribes would pay 8.84% of their gambling profits to the state — the rate that California corporations are taxed on their profits."

Thanks to Governing News

Full Story:
Published on Thursday, January 22, 2004 in The Los Angeles Times
Share Tweet LinkedIn Email