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California County Betting Big on Casino Proposition

9 August 2004

CALIFORNIA – As reported by the Tri-Valley Herald: "In San Mateo County, gambling interests are betting big bucks on Proposition 68, having dumped nearly $3.5 million into the campaign.

"Leading the pack in monetary donations is Magna Entertainment Corp., which operates both the Bay Meadows Racecourse in San Mateo and Golden Gate Fields in Albany, giving about $1.7 million to Proposition 68.

"…To date, Proposition 68 proponents have received about $12 million, all from race tracks and cardrooms that would benefit if it passes. Their opponents have collected $7.2 million.

"…Experts say they could be spending $50 million-plus between them, in a state where serious propositions tend to cost about $10 to $15 million.

"…If voters pass Proposition 68 on Nov. 2, all 53 Indian tribes must annually give 25 percent of their gaming revenues in taxes - or 30,000 slot machines will be allowed in non-tribal gambling venues, horse tracks and card clubs across the state…"

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