Russia Considers Increasing Gambling Tax [...]
The Elk Grove Tribe Reaches a Tentative $400 Million Agreement
- September 26, 2016 By Samantha A. -
Raymond Hitchcock who indeed led a meeting in town hall in the month of July in order to propose a new casino. The meeting including hundreds of citizens from Elk Grove that held very mixed reactions on the project and still had a many questions.
This tribe that is located in the southern part of Sacramento County has finally reached a tentative agreement in order to build a new resort and casino right on highway 99 which will be located next door to the already planned mall.
The city’s council has been scheduled to vote on the proposal on Wednesday, which will include that the 700 member tribe would in fact actually pay the community 132 million dollars over the course of a 20 year span in order to offset any of the impact’s that the 400 million dollar casino may incur.
This agreement would actually mark a very critical passage for this tribe in the effort that is being brought forth in order to build the resort and casino. The casino and resort is planned to include a 12 story building that would house a convention center, entertainment facility, bars, restaurants, 302 hotel rooms, as well as a very large gambling floor.
It has also been stated that it could actually take up to 5 years before the actual ground breaking for this new casino. But, once the building has been developed the region will be gaining a very high class luxury hotel and resort that has plenty of spas and pools, high end restaurants as well as many performance shows.
This development will in deed compliment the already planned outlet mall and it will hopefully help the retail portion of the mall moving quicker.
This very new gambling resort will most likely become a major competitor to California’s most profitable tribal casinos.
YOU MIGHT BE ALSO BE INTERESTED IN THESE:
NetEnt to Add Three Slots to Their Gaming Portfolio [...]
Supreme Court to Consider New Jersey’s Betting Legalisation Plan [...]