The Agua Caliente Band of Cahuilla Indians and California Gov. Arnold Schwarzenegger (R) are announcing a new gaming compact today.

According to news reports, the deal authorizes a third casino for the Palm Springs-area tribe. It will allow the tribe to operate up to 5,000 slot machines, more than twice the 2,000 currently in play.

In exchange for expanded gaming, the tribe will pay an estimated $81.9 million a year to the state. Part of the money will come from a fixed share of the tribe's existing slot machines and the rest from a percentage or profits on the additional slot machines.

Get the Story:
Governor in Talks With Tribe Over Expanding Gambling (The Los Angeles Times 8/8)
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Deal: Aguas win right to build a third casino (The Palm Springs Desert 8/8)
New pact adds slots (The Riverside Press-Enterprise 8/8)
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Palm Springs tribe strikes casino deal (AP 8/8)
Tribe set to sign landmark new deal (Copley News Service 8/8)
Governor, tribe reach deal on more gambling (The San Francisco Chronicle 8/8)