Agua Caliente's Amended Compact - New Economic Impact Study

A new economic impact study by the Rose Institute of State and Local Government at Claremont McKenna College, found that the Agua Caliente's amended compact, authorizing a third casino and 3,000 more slots now before the State Assembly for approval would pump somewhere between $2.15 billion and $2.54 billion in revenue-sharing payments from 2007 through 2030 into state coffers, funnel $48 million into the Revenue Sharing Trust Fund to help non-gaming Indian tribes and employ 3,604 to 4,118 people by 2010 when the tribe expects to expand its two existing casinos to 2,000 terminals each. The study was commissioned by the tribe.

Other findings included job gains of "up to 1,544 employees per year" and a "cumulative increase of about $1.93 billion in wages, benefits and tribal program expenditures.” Purchases are expected to increase to somewhere between $207 million and $237 million per year. “These figures represent an increase of 40 percent to 60 percent over the employment and purchase amounts that would not exist without approval of the amended compact,'' the report said. "The cities of Palm Springs, Cathedral City, Palm Desert, Desert Hot Springs, Indio and all of Riverside County would receive significant economic benefits as a result of the amended compact."

"Ratifying this compact will result in a huge number of good jobs and significant new economic activity for Riverside County,'' said tribal chairman Richard Milanovich. "The communities in which we live and build our businesses will share in the prosperity that the amended compact will ensure."

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