The Royal River Casino in Flandreau, South Dakota. Photo from Waymarking
The Flandreau Santee Sioux Tribe is looking to finalize a new Class III gaming compact with the state of South Dakota. The proposed agreement authorizes the Royal River Casino to offer up to 1,000 slot machines. The current agreement, which was finalized in 2011, has a limit of 500 devices. In exchange for adding more machines, the tribe has agreed to contribute funds to Moody County. The proposed compact calls for $75,000 a year when 500 devices are in operation, $150,000 for 700 devices, $250,000 for 850 devices and $350,000 for 1,000 devices. The proposed compact appears to be the first in the state to mandate some form of revenue sharing. The current agreement contains a provision that says the tribe "may, in its discretion," contribute to the county. The South Dakota Gaming Commission will discuss the new compact at a meeting on July 21. News of the deal comes as the tribe embarks on a casino expansion project. The tribe has secured a $3.6 million loan from Dougherty Funding to finance the first stages of the work, RE Journals reported. Get the Story:
Commission learns about new gaming contract; could mean revenue for county (The Moody County Enterprise 7/11)
Dougherty Funding closes $3.6M loan for Royal River Casino in Flandreau, South Dakota (RE Journal 7/11)
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