Slot Machine Agreement Met

Eddie Lockett has done something others have wanted to see done, but were unable to bring to fruition. Lockett has brokered a lease agreement between the Navajo Nation and three other Arizona tribes. This will ultimately lead to an increase in slot machine revenue for all of the tribes.

Per the law, tribes that don’t have a casino, or have more slot machines than they can use, can lease them out to another tribe. These other tribes have used all of their allotted slot machines and are seeking ways of making more money – so they lease from the tribes their extra or unused slot machines.

The tribe that is leasing the slot machines pays a portion of the revenue to the tribe they are leasing them from. Each agreement is different, how much the tribes give back is up to those making the agreement.

This particular lease led to the usage of more than 1,000 slot machines being divvied up among the various tribes – who will then pay the Navajo a percentage. In this case, the Navajo Nation is opening their own casino, but had a surplus of licensed slot machines. The extra slot machines were divided up between the Tohono O’odham, Gila River, and Fort McDowell Yavapai Apache tribes.

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