The Narragansett Tribe of Rhode Island and Harrah's Entertainment released details of their casino agreement on Tuesday.
The tribe will receive 5 percent of after-tax revenues of the casino. Harrah's will also pay an up-front fee of $300,000, plus annual contributions of at least $75,000, to special health and education funds for the tribe.
The tribe's share of revenues grows if the casino makes more money. A tribal lawyer said the tribe could be making $20 million a year by the third year of operation.
The tribe and Harrah's are working together to open a casino in West Warwick. It requires voters to approve a change in the state constitution. Gov. Donald Carcieri (R) has filed a legal challenge to the proposed constitutional amendment.
Get the Story:
Some details of Harrah's-tribe deal unveiled
(The Providence Journal 7/12)
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Harrah's releases summary of agreement (The Kent County Daily Times 7/12)
Casino backers see challenge as 'hypocrisy' (The Kent County Daily Times 7/12)
Council members upset by leak of planning for Harrah's negotiations (The Kent County Daily Times 7/12)
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