Aqua Caliente Signs Landmark Deal
The Aqua
Caliente Band is known for its new deals, and for going where no other
tribe has been able to go before. They are known for taking risks, and
for pushing the envelope – so that other tribes can do the same. In
2004, the tribe attempted to become independent from the rules that
govern the casinos and slot machines that the tribes are allowed to
operate. They could not get a compact that they liked with the state
of California, as they were asking to increase their 2,000 slot
machines. They sponsored a ballot initiative that would allow them to
basically expand as much as they want, in exchange they would pay
taxes to the state at the state’s corporate rate. The initiative
failed.
Well, the times
they are a changing, because when Governor Schwarzenegger signed the
deal with the tribe to increase the number of slot machines, they also
got permission to add another casino. With the agreement, the tribe
will share their slot machine revenue with the state, and in exchange
get to open a third casino.
If the deal is
ratified, the tribe will then have to decide when to add the new slot
machines, and when and where it will open its new casino. The tribe
does not anticipate a problem getting it ratified.
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