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California’s Tribal Jackpot To Fall Short By $200m

With his state in the throes of a deepening budget crisis, Governor Arnold Schwarzenegger openly boasted last year that new casino deals with Indian tribes could help restore California’s fiscal health. But the governor’s political gambit – and his gambling wager – is so far a losing bet against expectations.Tribal casino revenue sharing payments to California under gambling compacts negotiated by Schwarzenegger will total one-third less than projections for this fiscal year and are expected to fall even shorter of expectations the following year.

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