Coyote Valley Band negotiates a new Class III gaming compact

Monday, July 30, 2012  

The Coyote Valley Band of Pomo Indians negotiated a new Class III gaming compact with California Gov. Jerry Brown (D).

The agreement replaces one signed by former governor Arnold Schwarzenegger. The existing deal requires the tribe to share a percentage of revenues with the state and pay a fee of $4,600 on each of the 250 slot machine at the Coyote Valley Casino.

The amended compact notes "changed circumstances in the economy and increased market competition." It still requires the tribe to share up to 15 percent of slot machine revenue but allows up to 1,250 slot machines, according to a press release.

“It's a great day,” Chairman John Feliz Jr. told The Santa Rosa Press-Democrat.

Feliz said the tribe should be able to renegotiate a $12 million casino loan with more favorable compact terms.

The amended compact requires state legislative approval before it can be sent to the Bureau of Indian Affairs for review.

Get the Story:
Redwood Valley tribe to get more gaming revenue under amended deal with state (The Santa Rosa Press-Democrat 6/28)
Governor signs gaming compact with Coyote Valley Band of Pomo Indians (The Lake County News 7/28)