CASINOS: Pauma hits the jackpot with victory over state : Watchdog ...

Posted on | March 21, 2013 | Comments

Casino Pauma hit the jackpot this week.

Casino Pauma

Thanks to a U.S. District Court judge, the Pauma Band of Mission Indians will save millions because the state bungled its arithmetic.

The Paumas can cast away a gaming compact ? a compact the state forced the tribe to renegotiate ? and return to an earlier, more fiscally pleasing agreement.

The decision will save the tribe $100 million, according to The Associated Press, in returned payments to the state or future costs to the tribe.

The original agreement was signed by the California Gambling Control Commission in 2000.

Pauma said the state told the tribe ? because of poor estimates ? that there were no more available gambling licenses, so it could not expand its casino operations. The tribe was forced to hammer out a new pact in 2004 with then-Gov. Arnold Schwarzenegger.

The 2004 agreement cost the tribe more than it expected ? more than the previous compact, anyway. So the tribe filed suit in 2009.

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Written by: Tom Bray

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Source: http://blog.pe.com/watchdog/2013/03/21/1938/

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