Editorial: Gambling on gambling is a big gamble

Monday, August 4, 2008  

"Gambling on gambling is a big gamble. So it is more than a little alarming that gambling is such a big part pf Governor Arnold Schwarzenegger's plan to close the state's $15.2 billion budget gap.

As luck would have it, the state's first payments from expanded new gambling deals that the governor negotiated with Indian tribes are set to arrive just as the gambling industry is beginning to feel the effects of the recession, both nationally and at California's Indian casinos .

Two large Southern California tribes that signed expanded slot machine deals with the state have announced layoffs. That suggests that the state's share of casino profits won't yield as much money as originally forecast. "

Get the Story:
Editorial: Not a time to gamble (The Sacramento Bee 8/3)
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