Tribal Compact Amended

Lakes Entertainment announced today that there will be an amendment to a tribal compact that will give them more slot machines. The amendment to the Tribal State Gaming Compact between the Shingle Springs Band of Miwok Indians and the California for the Red Hawk Casino has been approved by the Bureau of Indian Affairs.

The amendment will take effect as soon as the BIA lists it in their Federal Register, and the tribes could not be happier. The compact now runs through 2029 and allows the tribe to have up to 5,000 class III slot machines at one facility. Because the state has agreed to more slot machines, the tribe will give the state revenues of 20-25% from the slot machines.

The amount of slot machine revenue that they pay will be based on a sliding scale determined by the amount of money coming in from the machines. They will also donate $4.6 million a year to the Revenue Sharing Trust Fund – which pays money to those tribes in California that may not have slot machines.

The tribe is thrilled by the deal, as they say that they can now open their casino with Class III slot machines this upcoming December. The Red Hawk Casino has big plans for their new casino – they are going to start with 2,000 slot machines, 75 table games, a high stakes gaming room, etc. They will also have food and beverage outlets and enclosed parking. They will be employing about 2,000 people as well.
 

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