BUSINESS

Online gambling regulation ‘could cost California millions’

TAGs: Indian gaming tribes

Is California going to fall for gaming tribe's claims?

Is California going to fall for gaming tribe's claims?

Aware that the real reason California will regulate online gambling is the millions that will pour into the state in taxes, the Indian gaming tribes have pulled out all the stops.

Firstly, they have hired Gov. Arnold Schwarzenegger’s former budget chief to help make their case, secondly they’re arguing that the legalization of Internet poker would violate existing gaming compacts and allow the tribes to stop paying the state its $365-million annual cut of slot machine revenue.

And thirdly – who needs a thirdly, these boys are playing hardball. Read more.

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