The Assembly deleted SB 1235’s Gambling Control Commission oversight language on Aug. 18 and replaced it with three tribal gaming compacts. The deleted section would have required the governor to notify two legislative committees whenever he removes a gambling commissioner. The new text ratifies compacts with the Picayune Rancheria, Fort Mojave and Pechanga, executed between … Read more
Gov. Gavin Newsom signed a 25-year compact Aug. 4 raising the Yurok Tribe’s machine cap from 99 to 349. California drops its 10% to 25% cut of the tribe’s net win for a share of regulatory costs. At 349 devices the tribe stays a Limited-Gaming Tribe drawing $275,000 a quarter from the state fund. The … Read more
The Fort Mojave Indian Tribe received $275,000 for the quarter ended June 30 and $27.1 million to date. Section 5.2 of the new compact says the tribe owes no payment to the Revenue Sharing Trust Fund. The compact authorizes 1,200 gaming devices and two casinos but records the tribe’s intent to stay under 350 devices. … Read more
As well-timed bets on war and politics piled up on Kalshi and Polymarket, California moved to keep its own officials from cashing in. Three more governors did the same within weeks. SACRAMENTO – There was money to be made on the worst news of the year. As the federal government weighed military strikes and other … Read more
Newsom’s revised state budget puts $125 million from Proposition 4 toward purchasing Golden Gate Fields for a new East Bay shoreline park. The California Legislature votes on the budget by June 15.