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Schwarzenegger to Tax Casinos

CALIFORNIA – As reported by the Associated Press: "Arnold Schwarzenegger, who will take the oath as California's 38th Governor on Monday, is planning to bring in a tax on casinos in a bid to beat the state's budget crisis.

"Analysts say the state's budget deficit is likely to top $10 billion next year, despite an improving economy.

"…In California, casino gaming among native American tribes has been a growth industry at a time when other segments of the state's economy have suffered.

"…And while tribal officials are concerned about the new governor's plea that they should pay `their fair share', they are also banking that casino gaming will continue to be their economic miracle."

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