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Red Hawk Casino slot surge

CALIFORNIA – As reported by the El Dorado Hills: "One-armed bandits are all about dinero, and lots of lucre will reach state coffers and a tribal treasury under an amended compact between California and the Shingle Springs Band of Miwok Indians.

"In exchange for state permission to run as many as 5,000 slots at the coming Red Hawk Casino, the tribe agreed July 1 to share slot-machine revenue to the tune of approximately 22.5 percent, the largest share yet agreed to by any California gaming-operator tribe. The share will slide between 20 and 25 percent in a compact binding until 2029. The casino will open in December near Shingle Springs with just 2,000 slots, but now has state permission to expand.

"Strenuous negotiations ended with smiles on the faces of Gov. Arnold Schwarzenegger and tribal officials John Tayaba and Nicholas and Catherine Fonseca in a signing ceremony July 1 at the State Capitol.

"…Red Hawk Casino will employ approximately 1,750 people and run a variety of games of chance…"

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