fin648: Oneida Compact

[fin648]

Looks like more games, higher limits, more hours. Could happen as early as April. Here's the story:

Oneida Nation Reaches Agreement With State
Games Can Have Higher Betting Limits

POSTED: 12:35 p.m. EST February 19, 2003
UPDATED: 12:37 p.m. EST February 19, 2003

ONEIDA, Wis. -- A new gaming compact between the Oneida Nation and the state allows the tribe to offer more games and higher betting limits in return for higher payments to the state.

The agreement calls for the Oneida to pay the state $20 million in July 2005 and $18 million in July of 2006.

The tribe's current payment to the state is nearly $5 million per year.

The gaming agreement is open-ended and doesn't require the tribe to renegotiate every five years, like the previous compact did.

Oneida Nation chairwoman Cristina Danforth says the perpetual term of the compact is one of the critical issues in the agreement. It allows the Oneida to remain open 24 hours a day and would also remove betting limits from games at the tribe's Oneida Bingo and Casino in Ashwaubenon.

The Oneida will also be able to add game like craps and roulette, which the old compact did not allow.

In 2007, the Oneida will pay the state 6 percent of its net earnings. Payments after that will alternate between 5 percent and 4 percent each year.

[Electric Kid]

Here is link to Green Bay Press Gazette's article on the gaming compact. This is going to affect other tribes also. I think this will hurt the U.P. casinos since alot of WI players come to MI to play craps. LCO casino once told me the reason they didn't offer a 2 deck game was because it wasn't allowed in their game compact. It looks like all the tribes will be able to offer 2 deck now.

PS I don't know how long these links remain until they are replaced with a new story.

Oneida Gaming Compact