Tuesday, January 6, 2009

California to Suffer from SYCUAN Expansion Halt

Sycuan NEVER ratified their compact anyway, something our GOVERNOR never tolds us during the elections. A detail that SHOULD NOT have been left out. Shame on you Arnold.

Recession and the credit freeze has convinced a California tribe to halt an expansion to their casino operations, informing Gov. Arnold Schwarzenegger that it will forgo on a negotiated compact that would have more than doubled the number of its current slot machines.

The Sycuan Band of Kumeyaay Indians is the latest southern California tribe stung by the recently acknowledged national recession. Over the past six months more than 450 Indian gaming jobs were lost at two of the region’s biggest Indian gaming venues – the Morongo and Pechanga casinos.

“At present, access to capital markets has essentially frozen, and the problems that have devastated the economies the world over also have severely impacted the gaming industry, both national and local,” wrote Sycuan Chairman Daniel Tucker in a Dec. 4 letter to the governor.

The 2006 agreement, an amendment to its 1999 compact, would have allowed the tribe to operate up to 5,000 slot machines up from 2,000 in return for annual payouts of $20 million and 15 percent of profits from the additional machines through 2030. In addition an off reservation casino of up to 1,600 acres was included in the deal.

Read the rest of the Indian Country Today article

1 comment:

PHunter said...

Our Governor has proved over and over that he cannot be trusted.

Has he fullfilled ANY of his promises?