
State Will Earn Billions if Compact
Ratified
The Morongo Band
of Mission Indians has something to celebrate; they have reached an
agreement with Governor Schwarzenegger to add more slot machines to
their existing total. The deal made the tribe happy, and if ratified
will also make the state happy. The tribe currently operates the
Morongo Casino Resort in Cabazon, and is looking to expand.
The area that it
currently sits in is licensed for 13,000 slot machines. There are
2,000 each at Fantasy Springs, Spotlight29, Aqua Caliente (in Rancho
Mirage and in Palm Springs), Morongo, San Manuel, Pechanga; plus
almost 800 at Augustine, and 350 that have been approved for the
Torrez Martinez. With the tribes pushing for more slot machines, that
area is about to get a whole lot busier. If the compacts are all
approved, 21,325 new slot machines could be headed toward the area.
This also means a large increase in slot machine revenue for the
state, $21.8 billion is estimated to be the lucky number – with that
being the amount they would earn through 2030.
The agreement
took a long time to come to as the tribe wanted to make sure that not
only did they get their slot machines, but they wanted to be fair to
all of the tribal governments, they wanted to bring in many more jobs
(it will bring in an estimated 4,000 jobs), and it needed to bring in
significant revenue for the state. It ended up being a win-win deal
for everyone. Now they just have to wait to see if it makes it through
the legislative process.
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